Thursday, March 22, 2012

S.F. gives OK to 250-unit condo project at Fox Plaza - San Francisco Business Times:

aleshnikovenil.blogspot.com
The wedge-shaped, terra-cotta and glass, 120-foot structure would replace the low-slunhg building that houses a and astationery shop, according to who was retained by property ownef to obtain city approvals and develol the site at 1390 Market St. at Polk A 7-0 Planning Commission vote on a highrises condo structure is and Conroe said the development team was able to take a numberd of steps to builc support inthe community.
The team agreeds to build a 120-foot rather than the 200 feet thezoning allows; they did not request any parking for the something made possible by the rich publif transit in the area and the fact that Fox Plazaa has a 550-car garage; and they are workingf with the neighborhood to provide a communitt meeting room. “Our projec is the poster child for smart said Conroe. “This project will bring new housing to the mostpubli transit-oriented site in the Bay It will also provide a crucial link between the Hayes Valleyh renaissance and the Mid-Markety revitalization.” Conroe said he didn’t want to guesas when the residential development might be economicalluy feasible.
“We are excited about moving forward with this project when the real estate and capitalomarkets normalize,” he said.

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