One Rincon Hill - Criticism

Criticism

With condo prices set from US$500,000 to US$2,000,000, many critics have noted that the One Rincon Hill complex is too expensive for most San Franciscans. With the total initial development cost of US$290 million, the average development cost per unit with 709 units total is approximately US$409,000. However, the developer Urban West Associates has contributed a total of US$38.5 million to funds like the South of Market Community Stabilization Fund in order to address this concern.

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