SAN FRANCISCO | Projects: Under Construction, Approved, and Proposed

[JWS]

Wow, did not realize how many of the Transbay/Rincon Hill residential buildings were rentals as compared to condominiums. Particularly with the complaints about the high concentration of pied-a-terres in this area, this should inject some guaranteed new life into the area of people living there 24/7, adding for demand for cafes, restaurants, grocery stores, etc instead of the bland dental offices and bank branches.

I actually prefer rentals in skyscraper buildings for this very reason, that the building will get lived in and be utilized to its fullest capacity. While I think the fears of entire empty buildings are grossly overstated by NIMBYs and the anti-growth agenda, it is true that many prime units in the Millennium, 1 RH, etc are temporary residences that sit empty. Would love to see some data on that.