Posted Jun 12, 2019, 5:31 PM
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Elite Member
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Join Date: Dec 2016
Location: San Francisco
Posts: 24,128
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I think evidence is accumulating that the recent building boom is over. Not only is the general economy slowing down but fees, "affordable" requirements and other obstructions in SF have gotten out of control and general building costs have risen so high as to make many projects no longer "pencil out". Developers are shelving them until things reverse or even selling the sites. My guess is this project may be an example.
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