DM Development and Ascentris closed a $61.7 million loan for a nine-story, 152-unit building at 321 Florida St., with groundbreaking expected in November 2026 and completion in late 2028.
San Francisco’s building department has drafted rules letting some four- to six-story apartment buildings use one interior stair plus a second exit, with a committee review on October 14.
San Francisco supervisors approved the SHADE Act 10-1 on first reading, ending shadow as a standalone CEQA appeal ground and halving some appeal windows, while park sunlight rules stay.
A Board of Supervisors analyst report identifies 147 publicly owned San Francisco properties to evaluate for affordable housing, and says funding, not land, is the main bottleneck.
Supervisor Danny Sauter’s proposal, backed by Mayor Daniel Lurie, would cap banked rent increases at 10 percent a year through 2029, after one senior couple’s rent jumped by 65.8 percent at once.
Nearly all of San Francisco’s identified robotaxi parking and charging sites sit in the same central neighborhoods zoned for new housing, a Mission Local analysis found.
Build Inc. has been served a second notice of default on the loan behind its approved 24-acre housing project at 700 Innes Avenue in India Basin. The city park next door at 900 Innes is on a separate track and stays open.
Mayor Daniel Lurie declared a rent emergency on September 10, citing a 26 percent rise in median rents and a 44 percent rise in eviction notices, and backed eviction and rent-increase limits at the Board of Supervisors.
A state appeals court ruled on September 11 that San Francisco’s voter-approved Empty Homes Tax conflicts with the Ellis Act and cannot be collected, affirming a 2024 trial court decision.
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