Prologis plans major housing project in San Francisco near transit

Prologis, Inc. (NYSE:PLD) plans to file redevelopment plans for Caltrain railyards in San Francisco, proposing a seven-million-square-foot mixed-use project with 1,500 to 4,000 residential units. This initiative could be one of the largest housing projects near a major transit corridor, pending approvals likely after 2027. Prologis Vice President highlights the focus on residential development as a key aspect of transforming the railyards into a high-density, transit-oriented urban district, potentially becoming San Francisco’s second most densely developed transit-centric neighborhood. Prologis, Inc. (NYSE:PLD) is a global REIT focusing on high-barrier markets in 20 countries, leasing modern logistics facilities to a diverse customer base. While PLD shows potential as an investment, other AI stocks may offer greater upside with less downside risk.

Read more at Yahoo Finance: Prologis (PLD) To Add 4000 Homes with Caltrain Site Revamp