South Beach. It’s like the San Diego of San Francisco. Everything’s new, chain stores line the pristine sidewalks, the weather’s great, and nary a pot-hole in the streets (well, except for 3rd Street, which is being torn to hell right now). The area was once a run-down industrial part of town, but thanks to the baseball stadium and San Franciscans’ newfound love for the Embarcadero, the neighborhood has taken off big time.
Of course with any neighborhood in as much flux as South Beach, challenges can occur. Developers can get overly greedy and outpace demand for homes, putting existing homeowners in a pinch. We’ve seen this happen in a lot of other markets, of which Miami is the poster child. Thankfully, for existing homeowners, San Francisco’s Board of Supervisors is very stringent on new development. It has to take place in the right places at the right times and in the right numbers.
Because of these forces at play, we were curious how current condo and loft owners are faring in the area. Read the rest of this entry ?