Seniors housing developers compete for Global Award

trophyNEW YORK: The five hundred and seventy-seventh entry for the seniors housing Global Awards 2016 has been received.

A proposed residential project in San Francisco’s South of Market wants to cut construction costs and pass along savings to tenants.

By building 200 “micro-units,” developer Panoramic Interests hopes to charge rents that are 30 percent below the city’s average, which was $3,590 per month for a one-bedroom in June, according to Zumper. The units would average 550 square feet.

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Global Over 50s Housing/Healthcare Awards.