The commission says San Francisco Assemblyman Kevin Shelley's legislation, which has been signed by Davis, limits the amount of allowable office space to a maximum of 300,000 sf. It also allows for 25,000 sf of additional office space that would be turned over to a trust and establish a space for retail.
"We are very grateful to Gov. Davis for signing into law this legislation that allows our plans for San Francisco's new passenger cruise terminal to stay on track,'' says Port Commission Executive Director Douglas Wong.
In order to expedite construction, the Delancey Street Foundation, Pier 36's current tenant, will have to relocate to a new location. The port says it will assist the foundation in doing so.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
