1699 Market Street: Eyesore of the Week
|1699 Market Street|
Demolishing a low-rise building occupied by a viable business to make a nine-story apartment building is a consequence of the destructive Market and Octavia Plan I've been writing about for years. In a rapidly gentrifying San Francisco, the property underneath many buildings is now worth more than the present structures. Hence, demolishing low-rise buildings and constructing pricey new housing units makes economic sense to property owners.
Nine stories is relatively modest compared to the highrise boom coming to the Market/Octavia area.