In an article published on Law360 titled "History Complicates San Francisco's Surging Real Estate Development," Simon Adams of Reed Smith's Real Estate Practice Group comments on the challenges developers face with historic-designated properties in the city.
" I think [the need for housing is] a
particular challenge to San Francisco right now,”
noting the tension between the city’s need for more
development — particularly residential — and the
challenges of getting such development done in historical
building-heavy downtown cores such as SOMA, where many are made of
nonreinforced masonry, making renovations a costly endeavor.
The full article can be read here.
This article is presented for informational purposes only and is not intended to constitute legal advice.
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