Failed Bay Area development sites becoming blighted – Robert Khodadadian

, Failed Bay Area development sites becoming blighted – Robert Khodadadian, Robert Khodadadian

Dreams for hundreds of housing units and other development projects in the Bay Area have given way to nightmares of dilapidated spaces filled with illegal dumping, homeless encampments and drug users. Vacant development sites have proliferated across the South of Market neighborhood in San Francisco. Apartments, condos, hotels and office space have all fallen by the wayside, failing to deliver an expected 16 million square feet of housing and office space in Central SoMa alone,

 Dreams for hundreds of housing units and other development projects in the Bay Area have given way to nightmares of dilapidated spaces filled with illegal dumping, homeless encampments and drug users. Vacant development sites have proliferated across the South of Market neighborhood in San Francisco. Apartments, condos, hotels and office space have all fallen by the wayside, failing to deliver an expected 16 million square feet of housing and office space in Central SoMa alone,
The post Failed Bay Area development sites becoming blighted appeared first on New York.  Cross Post, Development, Home Page, Affordable Housing, homelessness, Mission District, Multifamily Real Estate, SoMa, stalled projects The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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See also  Fort Lee Apartments Sell to JV for $117M on October 18, 2022 at 11:24 pm Connect CRE – Robert Khodadadian

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