Posted Sep 30, 2019, 11:42 PM
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Join Date: Dec 2016
Location: San Francisco
Posts: 24,177
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Quote:
These Central SoMa projects are now ready to roll
By Blanca Torres – Reporter, San Francisco Business Times
Sep 30, 2019, 2:54pm PDT Updated 51 minutes ago
With a handful of lawsuits now out of the way, large development projects in the San Francisco Central SoMa planning area are closer to breaking ground — but some office projects have one more big hurdle to jump.
With the suits settled, purely residential developments . . . are free to move forward.
Office projects, on the other hand, need to receive an allocation of space from the city’s office cap known as Prop. M . . . . (But) some of the Central SoMa office projects already have allocations in place, such as . . . Alexandria Real Estate Inc.’s 870,000-square-foot 88 Bluxome . . . .
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https://www.bizjournals.com/sanfranc...d6SEFnSWZCdSJ9
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