Eric Tao is a managing partner at L37 Development and the outgoing Chair of the ULI San Francisco District Board. He has 20-years of experience in the real estate industry and has led the acquisition, entitlement, financing, development and disposition of over 1,500 multifamily residential units in the San Francisco Bay Area with a focus on transit oriented urban infill projects. Managing a Housing Development Fund for CalPERS, Tao guided the development of nearly 1,000 new housing units in the emerging San Francisco SoMa, Dogpatch and Mid-Market districts. At L37, he currently completed a new SF Downtown Boutique Hotel/Condominium mixed-use building and is continuing to lead housing projects for 1,200+ new transit-oriented infill projects in South SF and San Francisco. Eric is a graduate of Pomona College in Claremont, CA and received his Juris Doctorate from UC Hastings College of Law
Speaking at
Wed Nov 05
4:00 PM — 5:00 PM (GMT-08:00) Pacific Time
Doom Loop to Boom Loop: Is San Francisco on the Brink of the next Gold Rush?
Category
Placemaking
From the literal gold rush of 1849, San Francisco has been a boom and bust town. What is unique about San Francisco that makes for such dramatic cycles, what can we learn about when the next cycle will begin, and what is being done to accelerate its rebound? The latest and most severe cycle may be the bust experienced from the COVID pandemic. San Francisco has been the poster child for problems that were occurring in urban downtowns. Office and retail occupancy decreased, which resulted in the downtown being labeled as a Doom Loop. Will history repeat itself? Are the elements that helped San Francisco rebound in the past again pointing to a new Boom Loop? To help accelerate the recovery, ULI and the City of San Francisco partnered to convene an Advisory Services panel of experts from around the country on how to revitalize downtown San Francisco. The panel provided strategic recommendations for leveraging the city's existing physical assets, identifying opportunities for financial incentives, and implementing reforms that promote the economic and social health of the downtown. Learn where downtown San Francisco stands today and what is likely to happen tomorrow.