The s. U. D. Allows special height exceptions for the 80. 18t districts in these areas the height can go up to 120 or 130 feet if the exception is granted. And the increase height serves as a transition from the higher downtown heights to the generally lower heights of the surrounding residential buildings. Conditions of approval are imposed on these to mitigate the impacts to the increased height which is likely to have impact on Affordable Housing in the area. The code lists an impact fee of 5 per square foot above 80 feet. The ordinance will move the exiting north of market fee into the city wide Affordable Housing fund making that consistent with other Affordable Housing fees such as the jobs Housing Linkage Program and inclusionary Affordable Housing program. The ordinance also seeks to list the eastern neighborhoods area plan alternate Affordable Housing feet. This is already established in the planning code and must be deposited into the city wide fund. The original north of mar
Thanks. Okay. Good morning, supervisors. We have the slides. I want to start by putting the Central Market into the areaing, payroll tax exclusion to contacts and provide some history that has brought us here today. In 2011, under the leadership of mayor, the city and county launched the Central Market Economic Strategy. In response to widespread consensus there was a strong need to private and public investment, with the end goal to strengthen the longneglected stretch of Market Street between 5th and van ness. The strategy at time was in the Partnership Led by our office. Under the strategy, the agencies engaged private stakeholders, including communityman based groups, Small Businesses to direct resources to Central Market corridor. It has been neglected for decades, up like the rest of the city, did not see substantial investment or improvements during the economic boom in the 80s, 90s and early 2000s. Despite the longestablished art venues and history. The Development Strategy inc
Left, is the entrance to the wholesale flower market, which is over on the left side of the market alley. You can see the market alley opening up onto fifth street, so as you walk along, you will be able to see into it and be drawn into the activity going on there as you walk along brannon, you will walk along the market hall, seeing all the different activities going on there. Further down brannan you see, through to the market alley from the street, through the oculus, and from the freeway, the building is broken up into several different masses that are all a related design, would give the building a sense of scale. The Gateway Building on the west end creates this connection through the midblock of the green and really creates an identity at the western end of the site. Landscape is used throughout the project, and it will all be native and low water using, street trees have been selected, as well as trees to protect the on sight. You have ten minutes, im sorry. Two quick things. W
Activities going on there. Further down brannan you see, through to the market alley from the street, through the oculus, and from the freeway, the building is broken up into several different masses that are all a related design, would give the building a sense of scale. The Gateway Building on the west end creates this connection through the midblock of the green and really creates an identity at the western end of the site. Landscape is used throughout the project, and it will all be native and low water using, street trees have been selected, as well as trees to protect the on sight. You have ten minutes, im sorry. Two quick things. Wrap it up quickly. Sure. The building is designed to be built in phases, so the first phase is the block building were the market hall would be in the bottom. The market hall would be the second, and Gateway Building would be the third. This is the variance if the flower market chooses not to come back. It includes the childcare, the Community Centre o
Things like volatile food and energy prices, so called Core Inflation was 4. 7 , the lowest since october 2021. The good news is that inflation has drifted down from last summers a0 year highs, but it is still well above what the Federal Reserve thinks of as normal prices and with the overall trend heading in the right direction, policy makers, well, they may feel that they dont need to raise Interest Rates further. The us central bank, you may recall, raised its benchmark Interest Rate to more than 5. 25 percent, the highest level in 22 years, all in a bid to cool the economy and ease the pressures pushing up prices. So while its too early to say Mission Accomplished from the white house to wall street, there is a sense that progress is being made in the Worlds Largest economy. Chinas E Commerce Giant Alibaba reported its strongest quarterly Revenue Growth in almost two years, pushing its us listed shares up more than 4 . Earlier this week, the latest data showed Consumer Prices falli