Sheel Mohnot(@pitdesi):I love adaptive reuse. At 150 Hayes, they are turning an ugly vacant office building to a beautiful 105-unit residential building (1,2,3 BR's) for ~$350/sf (construction cost) + $225/sf (acquisition cost). The project only pencils because SF waived affordable-housing requirements for office-to-resi conversions. $575/sf (construction + acquisition cost) seems like a pretty good deal for what looks like a nice building. The same guys did a great job on 100 Van Ness.

Sheel Mohnot

@pitdesi

I write my own tweets. politically centrist, abundance minded. Work: @btv_vc, leading pre/seed rounds in fintech & vertical AI

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Sheel Mohnot@pitdesi

2026.08.19 14:23

I love adaptive reuse. At 150 Hayes, they are turning an ugly vacant office building to a beautiful 105-unit residential building (1,2,3 BR's) for ~$350/sf (construction cost) + $225/sf (acquisition cost). The project only pencils because SF waived affordable-housing requirements for office-to-resi conversions. $575/sf (construction + acquisition cost) seems like a pretty good deal for what looks like a nice building. The same guys did a great job on 100 Van Ness.