Business Reporter

Kevin V. Nguyen

High interest rates and construction costs continue to make most market-rate projects unfeasible to build, despite steady rent growth. 

Break-ins, thefts, and alleged drug activity have plagued the MB360 complex for years. 

The 107-unit project a block away from the Painted Ladies gets a green light after a decade sitting in planning purgatory.

Builders are liable for defects in new construction projects, but a system built around litigation has choked development and stalled sales.

“It’s not the most special building in the world,” one supervisor said of the old roastery. Local preservationists disagree.