San Francisco's push to turn office buildings into homes hinges on this simple idea

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San Francisco's push to turn office buildings into homes hinges on this simple idea
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Converting San Francisco's unloved office buildings into homes won't be an easy task. Calling it a success will be even harder, say these real estate CEOs.

Converting San Francisco’s old downtown office buildings into housing won’t be an easy task, with high costs, clunky floorplates and existing tenants in sparsely populated buildings only a few of the obstacles developers need to overcome.“Hope is not a strategy,” said Nick...

A decade ago VTS got off the ground, offering a service Romito describes as the “Salesforce” CRM ” of the office-leasing industry. It was helped along by his Rolodex of top landlords. Romito previously was a broker in New York City’s notoriously feast-or-famine office sector, while in a previous role also oversaw a portfolio of millions of square feet of office space.

As Mayor London Breed in June told Bloomberg in a sit-down interview, “The issues around opioids have done something to our city, and to other major cities, like something that I’ve never seen before.” “Many buildings probably won’t work,” Wachsberger said, adding that thick, concrete office floorplates often need to be drilled through, plumbing and heating systems overhauled, and local building codes all add to the headache.

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