Sound Off: How might Warrior arena in Mission Bay affect our real estate market?

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A: The Mission Bay neighborhood will continue to benefit from this move as its neighbors will be close to the stadium and the city won’t have the burden of debt for the stadium’s construction. This — along with the new hospital and other housing developments — will make this already thriving neighborhood more robust in a shorter period of time.

It’s a huge deal to have the world champion Golden State Warriors as part of our community. The Warriors have a huge fan base here and fill the stadium even in down years. All of this Warrior fever is extremely good for the local economy.

Regardless of professional sports teams, the housing market and property values will continue to do well. The Bay Area has many other attractive amenities at our disposal — weather, food, entertainment, business opportunities — as well as diverse cultures and population.

Having the NBA champions in our backyard is an added plus.

Matt Heafey, Grubb Co.,

(510) 541-1754, heafey@grubbco.com.

A: Considering the existing tight supply of housing in the area, real estate value in Mission Bay only stands to go up. With the newly opened UCSF Children’s Hospital, there are doctors, nurses and executives all in need of housing.

Take into account many future developments in the works with supposedly 10,000 permanent jobs at Pier 70. The San Francisco Giants have their own development plans with residential and commercial space.

Add construction crew for the Warriors arena, players, management team, execs, again, all in need of housing. The Golden State Warriors have said many times that out of the top 25 cities, San Francisco is the only one without a big arena.

Where will all of these people live? Mission Bay and surrounding areas tend to attract many pied-a-terre buyers and I think having the Warriors arena will only increase the desire for these second-home buyers to have a place in San Francisco.

Par Hanji, Paragon Real Estate Group, (415) 738-7171,


phanji@paragon-re.com

A: Our real estate market continues to thrive with projects like the new Warriors stadium in Mission Bay.

It’s one more example of an area ready for revitalization and development.

There will undoubtedly be some logistical hurdles like traffic, noise and parking to contend with.

However, local commerce will certainly benefit from the influx of additional sports fans. Any opportunity to increase exposure and revenue to our amazing city of San Francisco is advantageous for homeowners and business owners alike.

Mark Neuterman,

Alain Pinel Realtors,

(415) 885-9986, mneuterman@apr.com.

Article source: http://www.sfgate.com/news/article/Sound-Off-How-might-Warrior-arena-in-Mission-Bay-6574735.php

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