Finish line but, for the lack of public consensus on the design. And that process failed, and there was also a high profile, proposal for piers 27 to 31 by the Mills Development corporation, and that again, was a mixed use, recreation project and had too much retail and did not achieve the kind of public consensus needed to get through the public process and so on that basis, we see that there are really still some work to do, with our relations with the community, and that will come forth and our recommendations for fostering those further conversations. And in the Ferry Building area, i think that this building reflects all of the accomplishments and the success of how the Ferry Building has now become again the civic heart of the port and an iconic piece of San Francisco. I think that none of us could really have understood the ability for the ferry expansion, and fertry building, and eop success on creating and managing the Farmers Market and the Ferry Building. Market place. With
Next meeting. Supervisor mark farrell okay, we have a motion to continue this item to january 29th. Chair make well thank you for being here as well. I look forward to talking to you about that in further detail. Well accept that without opposition. Madam clerk please go to item 1. The clerk item 131193 agenda[sale of Transferable Development rights war memorial complex 301 and 401 van ness avenue]1311931. Sponsors mayor; chiu and wienerresolution authorizing the director of property to sell up to 1,100,000 gross square feet of Transferable Development rights tdrr from the war memorial complex, 301 and 401 van ness avenue, at fair market value; and to execute and record certificates of transfer and to take such additional actions as may be necessary to effectuate one or more tdr transfers in accordance with planning code, section 128 the clerk sf 11234 supervisor mark farrell okay, they very much, i believe mr. Up dike is the speaker also on this item. Thank you, chair, farrell. So we
Looking more particularly at the submarket that is affected western so soem a. Here you see a calculation for western soma 50. 33 a square foot. This transaction is now at 38. 50. For class a. All spaces at 45. So no matter what metric you choose, this is a favorable transaction in terms of the dollars per square foot that the city has negotiated at this location. In case you did not catch that on the chat. Chart. Sometimes they are small. Overall rate is 59. 01 citywide. We have an allowance provided by ownership here. In the amount of 24 million coming directly from the landlord. The actual cost to prepare the space for retirements needs will likely require another 1. 1 million. That is addressed in the lease. We do have options on how we want to deal with that at the time that the final true up numbers of cost of tenant improvements are before us later this year, the next fiscal year in 1415. We can pay that amount at once. We can choose to roll that into other Debt Services items t
Corporation, and that again, was a mixed use, recreation project and had too much retail and did not achieve the kind of public consensus needed to get through the public process and so on that basis, we see that there are really still some work to do, with our relations with the community, and that will come forth and our recommendations for fostering those further conversations. And in the Ferry Building area, i think that this building reflects all of the accomplishments and the success of how the Ferry Building has now become again the civic heart of the port and an iconic piece of San Francisco. I think that none of us could really have understood the ability for the ferry expansion, and fertry building, and eop success on creating and managing the Farmers Market and the Ferry Building. Market place. With the pier 14, Public Access, the art installations that have gone up that have really made this place a game changer for the water front. We look to see more transportation improv
Knowing that hoa fees can go from 5 hundred to 4,000 a month a high amount for our middleclass residents. Supervisor cohen a expressing shock at 4,000 a month hoa fees but thats some of the fees by your luxury condos and those highrise condos 181 represents a general writing we efforts for folks to live in the area and become active members were working hard to obtain and finally, i want to say our office is working with the Mayors Office of housing to explore the concept of developer fees we recognize that a condo fee shouldnt pay the same faye fee as in the excelsior neighborhood whats excited about the negotiation is puts precedence on allowing us surveillance based on the value of units and hope had this will not leave dollars on the table how to maximize and we have two staff to speak about this item i hope i didnt top all the talking points. My name is is kevin with the planning staff and ill try to keep the redundancycy to a minimum by way of background the Planning Department i