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Not to come to San Francisco theyll never do enough sales to recoup the costs im just afraid were going to drive our customers our consumers and those tenants to another city i dont think there goes to come to San Francisco and im worried about the city im going to leave some pictures of before and after. Thank you very much. Next speaker. My name is hahn the president of the Real Estate Company we special in small and did not firms and born and raised in the sunset district now old enough when there was 5 Grocery Stores between 28 avenue things are changed i represent several buildings in the tar bell areas that be vacated for two or three years and represent tenants that are existed about potentially going there only told that the timeframe taxes five to six most it is the cost that takes to build a retail store some of the issues are the add costs relate to the regulatory issues ada compliance if you take a 4 e 32 square feet store it is 60 and 100,000 per square feet if i add that
CaliforniaUnited-statesStocktonNorth-beachSan-franciscoVictor-wongFrederick-robertKen-clevelandPeter-cowenNever-enoughReal-estateReal-estate-companyPresident of the Real Estate Company we special in small and did not firms and born and raised in the sunset district now old enough when there was 5 Grocery Stores between 28 avenue things are changed i represent several buildings in the tar bell areas that be vacated for two or three years and represent tenants that are existed about potentially going there only told that the timeframe taxes five to six most it is the cost that takes to build a retail store some of the issues are the add costs relate to the regulatory issues ada compliance if you take a 4 e 32 square feet store it is 60 and 100,000 per square feet if i add that on to a 6 to 9 months period of time you have a landlord noted getting rent having you have a problem where no one wants to take the risk and the foot traffic on tar bell it is will like union street interests no traffic if you dont have traffic you dont have customers what drives this is the formula retail when starbucks went into an oil 21 it created excitem
StocktonCaliforniaUnited-statesNorth-beachSan-franciscoVictor-wongFrederick-robertKen-clevelandPeter-cowenReal-estateReal-estate-companyEstate-company