manch
September 16, 2021, 9:45pm
560
You sure the dearth of new homes in the Bay is due to lumber prices? I suspect it’s more like the NIMBYs suing them and keep heaping fees on them that drive them away?
Anyway, even in this difficult environment builders are still building. I posted not too long ago:
Last year, DM Development announced plans to build a 290-unit building in the Potrero Hill neighborhood. The project was within walking distance of tech giants like Airbnb and Uber and featured dorm-style units that could be perfect for young, single tech workers.
Potrero Hill residents demanded that the project be scaled back—perhaps reduced from seven stories to six. But DM Development didn’t give an inch.
“Instead of bending to the neighbors’ wishes and dropping the height of the project, DM Development went in the opposite direction, increasing the proposed 80-foot building to 120 feet, and raising the original 290 units to 450 units,” the San Francisco Chronicle’s J.K. Dineen writes .
DM Development CEO Mark MacDonald said he submitted the bigger plan after “it was abundantly clear to us the neighbors were not supportive of the lower scale project.” He added that “if we had gotten support for the original plan we would have kept going down that path.”
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