40-story tower project at 1500 Market Street, San Francisco, to be revived by Washington Capital Management and Emerald Fund, increasing units and reducing affordable housing funding.
40-story tower project at 1500 Market Street in San Francisco is set to be revived by Washington Capital Management and Emerald Fund, with plans to increase the 516 units and reduce funding for affordable housing requirements. The original developer, Build Inc., faced challenges securing investors due to rising construction costs. The city has approved a potential 16.4% "in-lieu" fee reduction for affordable housing.
June 17, 2024
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