Thursday, November 3, 2011

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

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The wedge-shaped, terra-cotta and glass, 120-fooy structure would replace the low-slung buildiny that houses a and astationery shop, according to Conroe, who was retainedr by property owner to obtaihn city approvals and develop the site at 1390 Markey St. at Polk Street. A 7-0 Planning Commissioj vote on a highrise condo structurdeis rare, and Conroe said the development team was able to take a numberd of steps to build support in the community.
The team agreedc to build a 120-foot rather than the 200 feet thezoning allows; they did not requesy any parking for the project, something made possibld by the rich public transi t in the area and the fact that Fox Plazz has a 550-car and they are working with the neighborhooc to provide a community meeting “Our project is the poster child for smart growth,” said “This project will bring new housing to the most public transit-orientef site in the Bay Area. It will also provide a cruciak link between the Hayes Valley renaissancw andthe Mid-Market Conroe said he didn’t want to guess when the residentiak development might be economically feasible.
“We are excited abougt moving forward with this project when the real estatr and capitalmarkets normalize,” he

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