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SF Turns Empty Offices Into Homes | Oakland News
San Francisco’s housing crisis just got a major boost as empty office buildings transform into apartments—thanks to city incentives and bold new projects. Mayor Daniel Lurie unveiled plans for three downtown conversions, including the former Nordstrom Rack on Market Street, with developer Marc Babsin turning a Hayes Street office into 104 modern units by splitting floors and upgrading systems. The city is slashing costs by eliminating transfer taxes, waiving affordable housing mandates, and offering 30 years of tax revenue sharing—cutting expenses by up to a third. While not every building…
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