By kevin Truong :sfstandard – excerpt
Preliminary plans have been filed to transform a portion of the historic Warfield Building in the city’s Mid-Market neighborhood into 34 apartments—in what would be the first office-to-residential conversion since the pandemic.
The plans to transform the building at 988 Market St. were filed by San Francisco developer Group i, which aims to turn around 25,000 square feet in the building into 27 market-rate apartments and seven listed as affordable…(more)
These renovations are not nearly as costly as we were being told they would be. And such and historic property should be well worth preserving. Early results of efforts to up zone this neighborhood with tax breaks brought in the money for a while, but, that goose got cooked and is no longer producing those golden eggs. It remains to seen how many of the corporate tax breaks will fulfill their long term promises too the city and the citizens they displaced.