Struggling Cities Face More Pain From AI Boom

That said, in certain places land will become much more valuable, as companies choose to locate near AI centers to access the labor markets for AI researchers, or to learn about AI from the industry’s leading actors. I predict a major real estate comeback for San Francisco and nearby environs, and probably gains for Manhattan as well.

City Opens Permanently Affordable Housing At City Gardens, SoMa

The City of San Francisco has officially opened the 2021-built apartment complex as a permanently affordable supportive housing facility at 333 12th Street in SoMa. The project was developed by Panoramic Interests and grabbed headlines as the first in San Francisco to utilize the State Density Bonus program. The city purchased the development last summer, less than a year after opening.