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Old Posted Aug 31, 2007, 7:25 PM
BTinSF BTinSF is offline
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Join Date: Jun 2006
Location: San Francisco & Tucson
Posts: 24,088
^^^This project, surprisingly, is "only" 500,000 sq ft of office. Prop M allows about 900,000 sq ft per year (I can't recall the exact number). And remember what I posted last week--there's a move afoot to strip some "entitled" buildings that haven't started construction within the required 18 months of their "entitlements", making that "banked" square footage again available. If that happens, this building could easily be built within a few years I believe. Even if it doesn't happen, I doubt Prop. M would stop it--it wpould have to compete with some other projects but given the emphasis on the TransBay area, I think it would get an allocation.