With new measures having been approved by the Commission, North Beach is underway to become the next neighborhood that the city focuses its developmental efforts on. These long anticipated proposals will help city planners bring a more centralized hub to the area, as well as a rumored town center.
The ordinances will increase height maximums from 75 to 125 feet and allow for a short-term rental district, while still protecting the older or architecturally significant buildings in the area from rapid demolition by setting a six month moratorium. This vote paves the way for large-scale developments in North Beach, both residential and commercial. Developers say they have plans to build a 175-room hotel that will include plenty of retail space and parking on 72nd Street.
Allowing a short-term rental district will decrease the six month minimum for rentals, which will help families who are looking for extended vacation homes. It would allow for services such as Airbnb, which will ultimately increase the value and help preserve the older buildings, whose high maintenance costs are not covered by rental income.