Project. So the merchandising and programming are very important aspects of the retail component as is the operations of the Transit Center and we hope through this vibrant mix of destination oriented retail that we will create a culture of Service Excellence and a memorable experience for the transbay Transit Center and most importantly to the Transit Center to become a benchmark by which all others are measured. Moving on to the merchandising concepts as fred described at the ground level we envision the outside or the inside of the retail spilling out on to the sidewalk with a combination of restaurants and retail intending to bring the pedestrian level alive. The second floor envisions a food hall similar to mario vatallees restaurant in new york and local food that is ethically diverse and offer flavors and grab and go foods to transits users and residents alike. Other concepts include appearel, convenience stores, cosmetics and boutiques. We will. On. Were having technical diffic
Cosmetics and boutiques. We will. On. Were having technical difficulties. Okay. So convenience, cosmetics and boutiques, electronics, flowers and news stands and because the retail component is really part of the urban fabric of the neighborhood we envision that it will offer amenities for residents as well such as wellness, dental and optical. At the roof top park we envision a restaurant as fred described, and cafe space providing iconic architecture as an attractive setting to a chef driven concept and a sheik city cafe. The theater and grand hall will provide the perfect back drop as well as for Corporate Events and concerts and performances such as weddings and possibly ballet and or choir. So why retail . Transportation centers and transit oriented developments throughout the world are contributing to the urban fabric of our cities. The center has the opportunity to capitalize on this trend while shaping the neighborhood. The goals and objectives of the retail space and operation
Important to provide that secure, safe environment for transit users, visitors and residents and workers in the neighborhood. Last but not least the schedule that we anticipate and that is necessary in order for the retail component to open coincidentally with the Transit Center is as follows. We open to issue the rfq in coming days which is the primary qualifying round of the process. And we would then issue the rfp to those qualified teams in the First Quarter of 2015 with the anticipation of executing a development excuse me, a master Lease Agreement in the fall of 2015 and then opening the retail in 2017. This gives the designated Team Two Years preleasing activity which we deem appropriate for this amount of space and that concludes my presentation and open up to questions. Thank you. Recs are there any questions or comments . Director reiskin. Yeah thank you. I think its a great report and concept and i think essentially out sourcing the entire operation makes all the sense in th
Of occupancy growth and rent of 15 quarters. The neighborhood is experiencing a flurry of activity and is now considered the must have address by notable companies. Some of the strong market fundamentals as i have mentioned include work force population with over 6 million square feet under construction of new office space we anticipate that there will be another 35,000 workers in the trans bay neighborhood with over 4500 res Residential Homes under construction we anticipate 7,000 new residents in the neighborhood, not to mention that San Francisco continues to be one of the top tourism destinations in the country with over 16. 5 million visitors annually and approximately 100,000 visitors to the trans bay trans itd center are anticipated. Moving on to the approach and i cant under score enough about the creation of this culture of service excellence, so in order to do that the tjpa seeks to contract with an experienced owner, developer leasing agent or manager of real estate spaces s
Throughout the world are contributing to the urban fabric of our cities. The center has the opportunity to capitalize on this trend while shaping the neighborhood. The goals and objectives of the retail space and operations are first and foremost to maximize revenue through successful Market Driven retail programs. To activate the facility with destination oriented amenities that make the Transit Center accessible to all the residents of the neighborhood; to provide programming for open spaces at the park and amplitheater and last but not least the culture of service that offers a vibrant, safe, and clean and welcoming environment for residents and commuters. Using case precedent the tjpa has created a Market Driven concept and approach drawing on best practices throughout the nation, both locally and nationally. We have looked to the wonderful offering at the ferry building. As fred mentioned its 65,000 square feet. We love what is happening at San Francisco airport with the blend of