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 25, 2026 - 04:01
Best Real Estate Agent in Abilene, TX: Amber KimmelABILENE, TX - A local realtor has cemented her place as the most trusted name in Abilene real estate. Amber Kimmel, an agent with Keller Williams, has been recognized as the top performer in the...
August 24, 2026 - 09:31
Champion Real Estate Investment Trust 2026 Q2 - ResultsChampion Real Estate Investment Trust released its financial report for the second quarter of the 2026 fiscal year on August 23, 2026, offering a clear look at its recent performance. The numbers...
August 23, 2026 - 23:55
Macomb County real estate transfers recorded Feb. 23-27, 2026The Macomb County Register of Deeds has released the official list of real estate transfers recorded between February 23 and February 27, 2026. The five-day period shows steady activity across the...
August 23, 2026 - 09:51
Venezuelan Parliament Approves Law to ‘Protect’ Real Estate DevelopersThe Venezuelan National Assembly has approved a new legal framework designed to offer protections and incentives to private real estate developers, a move that comes on the heels of a separate...