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.
May 26, 2026 - 02:18
Clients are interviewing real estate agents differently. Here’s what they’re really looking forThe days of a real estate agent simply handing over a glossy brochure and a list of recent sales are fading. In a market defined by fluctuating interest rates and lingering economic uncertainty,...
May 25, 2026 - 03:24
AvalonBay Communities And Equity Residential: $69 Billion Merger Of Equals Creates Multifamily Real Estate GiantAvalonBay Communities and Equity Residential have announced a definitive all-stock merger of equals, creating what will be one of the largest real estate companies in the United States. The...
May 24, 2026 - 04:11
Rogue Agents – EXP Realty LLC Real Estate Guide for May 24The Rogue Agents team, part of EXP Realty LLC, is gearing up for a busy Sunday with seven open house events scheduled across the area. Whether you are actively searching for your next home or just...
May 23, 2026 - 02:54
Kayne Anderson raises record $5.2bn fund for niche real estateLos Angeles-based investment manager Kayne Anderson Real Estate has closed its largest-ever fund, raising $5.2 billion to target niche property sectors. The oversubscribed seventh flagship fund...