North Beach's Most Epic Real Estate Drama: From Burnt Ruins to Housing Heaven?

Photo by Hiu Yan Chelsia Choi on Unsplash
San Francisco’s housing crisis just got a spicy new plot twist in North Beach, where a derelict building might finally transform from neighborhood eyesore to much-needed residential real estate.
Since 2017, the Verdi Building at 659 Union Street has been a crumbling testament to bureaucratic gridlock - a burned-out brick shell sitting pretty across from Washington Square Park, taunting locals with its potential. Developer Jeff Jurow and his team have been wrestling with zoning restrictions, preservation debates, and sky-high construction costs to breathe new life into this prime property.
From Ashes to Apartments
Jurow’s latest proposal is nothing short of audacious: an eight-story apartment complex with 89 units, including affordable housing options, plus ground-floor retail and a rooftop restaurant. By leveraging state laws like Senate Bill 330, the developers are attempting to sidestep local restrictions that have historically strangled housing development.
Breaking Through NIMBY Barriers
The proposal isn’t just about building housing - it’s a strategic move to circumvent preservation efforts that could potentially block new development. By setting aside units for residents earning between 50% and 120% of the area’s median income, Jurow’s team is also addressing the critical affordable housing shortage.
A Neighborhood in Transition
While preservationists are pushing to designate North Beach as a historic district, developers like Jurow are fighting to modernize the neighborhood’s housing stock. The Verdi Building’s transformation could become a blueprint for how San Francisco balances historical preservation with urgent housing needs.
Stay tuned, because this real estate drama is far from over.
AUTHOR: mb
SOURCE: SF Standard