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Who really owns Parkmerced?

By Implode-Explode Heavy Industries

"A major redevelopment proposal at the Parkmerced housing complex is scheduled to go before the Board of Supervisors on March 29. Under the plan, developers intend to bulldoze 1,538 rent-controlled units and replace them with new units, which they've promised will stay rent-controlled with the same monthly rates for existing tenants. It's a major overhaul which will nearly triple the number of units, transforming an entire San Francisco neighborhood, and it could take as long as three decades. So just who are the developers behind this plan?"

Full post as published by Mortgage Lender Implode-o-Meter on March 24, 2011 (boomark / email).