Posted Apr 23, 2015, 7:02 PM
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Build Baby Build
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Join Date: Sep 2010
Location: San Francisco
Posts: 965
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I think they are being very shrewd. By taking out 10k sq ft of grocery, they can add in 15 low-income units in the same space. By reducing the total units by 99 and affordable by 27, they get much larger apartments at luxury prices. This way they can attract the higher end, and have to deal with selling 99 fewer units, which they think is going to be difficult to grab with all of the other projects opening nearby, especially since this is now a late-comer.
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