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Downtown San Francisco Lands $250 Million Tower Proposal as Apartment Demand Rebounds

Developer Floats New 600-Unit Multifamily High-Rise in Neighborhood That's Home to Tech Firms
The 58-story multifamily proposal would replace an existing office building at 620 Folsom St. in San Francisco's SoMa neighborhood, home to tech companies. (CoStar)
The 58-story multifamily proposal would replace an existing office building at 620 Folsom St. in San Francisco's SoMa neighborhood, home to tech companies. (CoStar)
CoStar News
September 1, 2021 | 12:48 AM

Affluent renters are returning to the nation's priciest housing market after fleeing in the pandemic, and one San Francisco developer is betting that tenants will have a renewed commitment to living in the city with a proposed $250 million multifamily tower.

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News | Downtown San Francisco Lands $250 Million Tower Proposal as Apartment Demand Rebounds