EisnerAmper Attends San Francisco Structures Event
September 22, 2016
Members of EisnerAmper’s Real Estate Services Group from the San Francisco office recently attended the annual San Francisco Structures Event held at the Fairmont Hotel. Greg Pospichel, Melanie Roth, and Kevin Tusing attended the event. The event was sold-out with over 300 attendees.
The program highlighted the current real estate development picture in the city and featured a panel discussion with prominent developers and investors such as FivePoint, Stada Investment Group, Tishman Speyer, and Boston Properties. Some of the developments that were highlighted included the Golden State Warriors Arena, Treasure Island, Salesforce Tower, Transbay Redevelopment District, and Foundry Square 3.
The group was optimistic on investing in San Francisco; pointing out that the city possesses a great mix of quality of life and economics. The panel members expressed that they have had a good experience working with city government and there is a great deal of cooperation to build both affordable and market-rate housing. However, the Bay Area Region is not building enough housing and there is a need to increase density within the city.
San Francisco Mayor Ed Leewas the keynote speaker, and presented his 6 values for the development of the South Bay Waterfront District. He wants to maximize: housing, jobs, open space, transportation, and sustainability, while effectively managing sea level rise. The Mayor clearly emphasized his desire for development by saying, “The city is your partner, not a compliance officer. A partner.”