Cooltown Studios one of may favorite blogs has a posting about a new building in San Francisco..
It's a brand new building. It's in the heart of San Francisco. It's incredibly affordable. It's a certified green building. It has a roof deck with great views. But it's probably not for you.
Eleven of the newly constructed Plaza Apartments units will have rents at 13% of area median income (AMI), sixteen at 35%, and the remaining 79 at 42%. Yes, there are government subsidies involved, but there are two main factors that allow such high-quality housing to be rented at such low cost:
- The units are brightly lit 300 s.f. mini-studios. Would you buy one for $99K if everything else was going for $250K? Many would. Those in Manhattan and Paris would kill for the opportunity.
- It's located in an 'up-and-coming-but-not-there-yet' area in downtown San Francisco, the standard qualifier for nascent bohemian neighborhoods.
Much too small for me but I like the "green" part of the building. Look at the pictures it's not a bad looking building either.
PS the previous several articles on Cooltown are also very good. What makes sucessful downtown events (not boring stuff) ...