February 2, 2026 - 04:16

A transformative project is rising in San Francisco's Central South of Market area, marking the city's first affordable housing development dedicated specifically to artists. Spearheaded by SFJazz founder Randall Kline, the initiative will convert the historic McRoskey Mattress building into 94 permanently affordable live-work homes for low-income artists and their families.
The development recognizes the critical need for stable, affordable space as rising costs continue to displace the city's cultural creators. Beyond housing, the project is designed to foster a vibrant artistic community. Plans include a black box theater, dedicated rehearsal spaces, and a ground-floor gallery, ensuring the facility serves as both a residence and a creative hub.
This project represents a significant investment in San Francisco's cultural future. By providing secure housing, it aims to retain the diverse artistic talent that defines the city's character. The inclusion of performance and practice spaces underscores a commitment to not just shelter artists, but to actively nurture their work and allow them to contribute to the city's cultural landscape for years to come.
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Carmel Partners: $1.35 Billion Raised For Multifamily Real Estate Fund 9Carmel Partners has successfully concluded fundraising for its newest major real estate vehicle, amassing a total of $1.35 billion in capital commitments. The final close for Carmel Partners...
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