March 17, 2026 - 08:31

A long-vacant and infamous San Francisco lot, colloquially known as ‘Lake SoMa’ for its tendency to flood, may soon be home to a significant new residential tower. The proposed development envisions a 25-story building, marking a dramatic transformation for the challenging site.
The project is part of a broader trend in the city, where developers are increasingly proposing taller and denser buildings. This shift in design philosophy is largely driven by the pressing need to make new housing construction financially feasible amidst high land, labor, and material costs. By building upward with greater unit density, projects aim to achieve the economies of scale necessary to move forward.
The site’s history as a persistent flooding problem presents a major engineering hurdle. Any serious proposal will require substantial and innovative foundational work to ensure the structure’s long-term stability and safety. Successfully developing this particular parcel is seen as a test case for building on other difficult lots within the urban core.
If approved and constructed, the tower would contribute a substantial number of new housing units to the South of Market neighborhood. Its progression will be closely watched as an indicator of the city's ability to translate its goals for increased housing density into tangible reality, especially on sites that have defied development for years.
June 27, 2026 - 20:44
Mi'kmaq Nation acquires 3,400 acres in Maine, doubling tribal land holdingsThe Mi`kmaq Nation has purchased a 3,400-acre property in northern Maine, significantly expanding its tribal land base. The acquisition more than doubles the land the tribe currently owns and...
June 27, 2026 - 02:13
Sale closed in Guerneville: $524,000 for a single-family homeA single-family home with roots stretching back to 1938 has officially changed hands in Guerneville, closing at a final sale price of $524,000. The property, which carries the charm and character...
June 26, 2026 - 08:36
Zohran Mamdani's New York City Rent Freeze Passes in Landmark 7-1 VoteNew York City`s Rent Guidelines Board voted 7-1 on Tuesday to approve a zero percent rent increase for the city`s one million rent-stabilized apartments, handing State Assemblymember Zohran Mamdani...
June 25, 2026 - 19:14
Real estate agents are leaving traditional brokerages for 100% commission modelsThe math in residential real estate agent compensation has become impossible to ignore. For decades, the standard split between a listing agent and their brokerage hovered around 70-30, with the...