"The developer intended to triple the size of Parkmerced by tearing down 1,500 townhouses and replacing them with four and five-story buildings. Despite all the approvals, construction never began. With developers unable to refinance the loan, the property was placed under receivership in 2025. Today, a San Diego-based company has control over the property, hoping to someday redevelop its 152 acres."
""Of course, they've made promises, but they also ruined the neighborhood," said Mohammed Husseini, a longtime Parkmerced resident. He and his brother have each lived here for more than 30 years. Karim Husseini said there has been little communication with residents. "Minimum. Notices that we received that the management has changed to a new one, that's it. Now we are left in a situation where we are not really aware of what is happening," Husseini said."
California demands San Francisco build 82,000 residential units within five years, and the city is far behind that target. New zoning laws are expected to increase production, but large projects have stalled. Parkmerced, approved in 2011, has been inactive for 14 years despite plans to triple its size by replacing 1,500 townhouses with four- and five-story buildings. Construction never began after developers failed to refinance, and the property entered receivership in 2025. A San Diego company now controls the 152-acre site. Longtime residents report minimal communication from management and express frustration over broken promises and neighborhood decline.
Read at ABC7 San Francisco
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