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.
August 12, 2026 - 02:39
Top Real Estate Agent in Spokane, WA: Aaron FarrSPOKANE, WA - August 11, 2026 - Aaron Farr has established himself as the leading real estate agent in Spokane, Washington, with career sales now exceeding $250 million. His track record includes...
August 11, 2026 - 06:27
Teriyaki Madness Hires Jake Lowell to Supercharge the Real Estate Support That Already Sets It Apart From Every Other FranchisorTeriyaki Madness is putting even more muscle behind its franchise expansion by bringing in a new hire to sharpen its real estate support. The company has brought Jake Lowell on board to lead the...
August 10, 2026 - 18:18
Got a letter about reapplying for a homestead exemption?If you recently received a letter about reapplying for your homestead exemption, do not set it aside. Local tax officials are warning that ignoring this notice could lead to the loss of your...
August 10, 2026 - 05:19
Dream Industrial Real Estate Invest Trst Q2 Earnings Call HighlightsDream Industrial Real Estate Investment Trust reported its second quarter financial results, showing solid momentum across its portfolio. The company delivered double-digit growth in...