By Daniel Hirsch, Mission Local
In the Mission this past year, at least four large mixed-use developments have opened their glittering modern doors for amenity-rich housing to those who can afford it (and, in the case of about 50 out of 270 households, those who got lucky in an affordable housing lottery).
In almost every case, before a building has even finished construction, the market-rate residential units get scooped up quickly—units at the 3500 19th Street development sold for a record-breaking rate of $1,400 a square foot. But to say these buildings are at full capacity omits a glaring on-the-ground truth: The street level commercial spaces frequently remain vacant—for months or even a year or more.
Read the complete story at Mission Local.
