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.