As the Bay Area Reporter noted in a March 2013 article, Castro neighborhood groups initially expressed a number of objections with developer Greystar’s plans for an 87-unit rental development at the corner of Sanchez, Market and 15th streets. The project next door to the Swedish American Hall was set to not include any below-market-rate housing.
Rather than include 10 units of affordable housing on-site, Greystar wanted to pay an in-lieu fee toward the city’s affordable housing fund. Neighborhood and housing activists balked, however, warning the company they would oppose its plans if it did not include the BMR units on-site. With the parcel one of the few remaining to be redeveloped along the upper Market Street corridor, it presented one of the last chances to see BMR units become available in the area.
At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.
If you have a gay real estate story that you’d like to share with us, contact us at [email protected]