Who could have guessed that of all the projects on hold in San Francisco, this one might arise, vampire like, from its coffin?
According to the SF Business Times (
http://sanfrancisco.bizjournals.com/...14/story3.html ), The Government Accountability Office (GAO) has told the General Services Administration (GSA) to go ahead and pick from among the 3 bids it got for a west coast HQ for the Environmental Protection Agency (EPA)--one of which was a build-to-suit structure at 350 Bush.
Furthermore "The original solicitation had determined that 350 Bush St., the new structure designed by HellerManus, 'represented the best value for the government,' according to the GAO ruling."
However, while GSA was in process of negotiating and finalizing a lease, which would have caused the building to be constructed, the recession hit and GSA determined that “an updated market survey indicated that there was substantial new vacant inventory on the market” which might be cheaper than the 350 Bush bid. So they halted the leasing process.
GAO is now telling them to reanalyze all bids--350 Bush, 370 Third and 1355 Market (at 9th). And if they determine all 3 are too high (and GAO lets them start a new bidding process), guess who is also likely to be in the running: 535 Mission.