Good evening, everyone, welcome, im tyler mathieson, sue herrera has the weekend off t. Week end, month end and quarter end, the dow turned in its sixth straight positive quarter for the First Time Since way pack in 2006. The nasdaq had its best quarterly performance since 2013 in the s p 500 saw its biggest quarterly gain since 2015. Here are the final numbers, for the first three months of 2017 the nasdaq rallied the most, up 10 . They changed despite todays pullback the Dow Jones Industrial average twopd 65 points to 20,663. The s p 500 fell 5. The nasdaq was off two and threefifths. So what pulled the gains in this quarter and which sectors did better than others . Domenic chu has surprises among the First Quarter winners and sinners. Reporter if you had stocks as part of your portfolio in the First Quarter of 2017, you have to be feeling pretty good at least so far. During the first three months of the year, we saw recordhigh levels for not just the Dow Jones Industrial and the s
Floors was decreased from 43 to 42. Tmg partners and Essex Property trust and bridge remain. Tmg partners and Essex Property trust together are acting as the lead Development Entity and changed into an eighty20 development for a more integrated approach. This revised scheme is different than that contemplated it is consistent we allowed for either a joint Development Opportunity or an 8020 opportunity. Again, the project consists of 436 market rate units and 109 affordable units. The upper 21 floors all market rate units. And 109 below market rate units affordable to households. The unit mix or the number of studios, 1 and 2 bedrooms equal to the market rate units on the lower 21 floors and parking will be a parity among the market rate units. The developer will be submitting for approval by our executive director and bridge will be taking the lead on Outreach Marketing and leasing of the units. The project also includes ground floor retail because as you know folsom street will be the
Number of units decreased to 545 because the number of floors was decreased from 43 to 42. Tmg partners and Essex Property trust and bridge remain. Tmg partners and Essex Property trust together are acting as the lead Development Entity and changed into an eighty20 development for a more integrated approach. This revised scheme is different than that contemplated it is consistent we allowed for either a joint Development Opportunity or an 8020 opportunity. Again, the project consists of 436 market rate units and 109 affordable units. The upper 21 floors all market rate units. And 109 below market rate units affordable to households. The unit mix or the number of studios, 1 and 2 bedrooms equal to the market rate units on the lower 21 floors and parking will be a parity among the market rate units. The developer will be submitting for approval by our executive director and bridge will be taking the lead on Outreach Marketing and leasing of the units. The project also includes ground flo
The Interest Rate is going to be less than 3 percent. Less than 2 percent . 3 percent. Okay. Thank you. Thank you. I have one more question. About the parking why is the parking for each unit . Why do we not have more parking . Uhhuh. We have a ratio of point 5 so every other unit has a parking spot and working with the verbal to maximize that number. We may be able to gain one or two parking spots but its usual in San Francisco for public and Affordable Housing projects to have parking ratios that are well below one. One is the maximum allowed in San Francisco according to the planning code and what will be happening in in the candlestick area a a a massive investment in in in Public Transportation of more. So the mechanism on how to determine who gets Parking Spaces hasnt been determined yet. Theres examples in the in the city theres a lottery thats renewed every year so some people get parking assigned by lottery and foe that they have the parking spot for 12 months and also example
Included the led architect for the tower component and a Small Business enterprise for the low rise building. The project has evolved since execution and the total number of units decreased to 545 because the number of floors was decreased from 43 to 42. Tmg partners and Essex Property trust and bridge remain. Tmg partners and Essex Property trust together are acting as the lead Development Entity and changed into an eighty20 development for a more integrated approach. This revised scheme is different than that contemplated it is consistent we allowed for either a joint Development Opportunity or an 8020 opportunity. Again, the project consists of 436 market rate units and 109 affordable units. The upper 21 floors all market rate units. And 109 below market rate units affordable to households. The unit mix or the number of studios, 1 and 2 bedrooms equal to the market rate units on the lower 21 floors and parking will be a parity among the market rate units. The developer will be submi