Blackstone, the biggest owner of commercial real estate in the world, is placing its bets on the student housing rental market as demand surges worldwide.
The 207-unit project at the corner of University and California Street will include 21 affordable apartments.
As urban housing becomes ever more expensive and scarce, compact, flexible spaces are increasingly seen as a solution
Yuta Yamasaki and his wife moved from southern Japan to Tokyo a decade ago because job prospects were better in the big city. They now have three sons — ages 10, 8 and 6 — and they are looking for a larger place to live.
Houston is rarely held up as an example of good land use planning. The Texan city, as recently as a few decades ago, famously had a downtown area consisting largely of car parking.
The Federal Reserve’s interest rate hikes are cooling the housing market. The average 30-year mortgage rate is up to 7.5%, the highest since 2000.
An emergency proclamation by Gov. Josh Green offers developers the opportunity to route around almost all regulations on building homes.
“We thought of San Francisco because the community here is just unmatched,” said Hoover, citing the events, networking and fundraising opportunities in the city’s booming AI industry.
Kennedy said that even if buildings aren’t entirely prefab modular, there is room for prefabrication of certain components to find more efficiencies.
San Francisco is at a pivotal moment.