SAN FRANCISCO—Early yesterday morning, we reported that Equity Residential‘s 340 Fremont, the new modern landmark 40-story tower here in the Rincon Hill district of San Francisco, had officially moved dirt. In an update of that story, at the groundbreaking ceremony, San Francisco Mayor Ed Lee noted that “We are seeing new housing construction all around us because there is a renewed investor confidence in our City.”

According to Mayor Lee, “we need to make sure San Francisco remains a City for everyone.” With that in mind, Lee noted that “I have set forth a new goal to complete at least 30,000 new and rehabilitated homes by 2020.” He added that Equity Residential is helping reach that goal.

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