Weekend Events and the Weekly Real Estate Update

The 15th Annual Jerry Day takes place Sunday at McLaren Park, celebrating one of the greatest rock guitarists of all time and San Francisco native son, Jerry Garcia and his Excelsior roots. The lineup includes Stu Allen & Mars Hotel, Melvin Seals and JGB, and Midnight North. Admission is free.

On the “Homes for Sale in San Francisco” front, here’s our report for this week, 7/30/17 – 8/6/17

Hill & Co. Sales Manager Jill Gumina was quoted in Sunday’s San Francisco Chronicle, responding to the question “What affect will the Millennium Tower have on Bay Area high-rise real estate?” Here’s what she said:

“The immediate effect is it may take more time and money to get projects through the city for new developments which is already a cumbersome and expensive process at best. Those costs, unfortunately, will be passed through to the consumer. The longer term effects are the importance for everyone involved to accept they share culpability and to devise a solid plan to prevent this type of catastrophic event from happening again. We need a balance between cost-effective and sound construction methods to maintain viable commercial and residential structures.”

“Developers and contractors need to be held to the highest standard of design and construction. City employees from the Planning Department to on-site inspectors must be accountable for their review process. It is critical that they oversee all aspects of approval of the project through to its completion. In the past, developers and architects typically thought only in terms of their own ventures and didn’t necessarily anticipate the impact their project would have on surrounding areas.”

“The Millenium Tower issues have changed that forever as we acknowledge the importance of a holistic approach to overall community development. City powers-that-be must adopt a more global view of development and the impact one project can have on an area and community. Everyone involved in further development of San Francisco and other Bay Area communities must realize and accept the importance of their roles in keeping our communities safe to maintain the integrity of its structures and the confidence of its citizens.”