Eight-bedroom mansion listed at $18.5m sold for $28.5m and has a private garden and three-car garage

A San Francisco estate sold for $10m above its listing price this month in a new record for the city as the artificial intelligence boom continues to drive up real estate prices.

Located in the city’s tony Presidio Heights neighborhood, the eight-bedroom mansion was listed at $18.5m on 2 October and ultimately sold for $28.5m on 22 October, according to the property’s listing.

Developers propose turning San Francisco Centre into not a server-based facility, but a ‘community-based AI exhibit’

Downtown San Francisco has shown signs of revival since being battered by the Covid pandemic, which led to what many called a “doom loop” of vacant buildings, a worsening homelessness crisis and dwindling public transit. But one highly visible reminder of the city’s struggle to recover remains: the San Francisco Centre mall, which sits at the heart of these urban renewal efforts and has been conspicuously boarded up since January of this year.

A number of ideas have been floated for the mall’s reopening, including a multi-level sports complex, housing and more traditional retail uses. But now, another potential plan has emerged: the shuttered mall is being considered for an AI datacenter project, the San Francisco Chronicle reported.