Retailers, local and big box and just about everybody and nobody could make it work. Even using the global reach of our company, we couldnt make it happen. Nowhere in this country is there a shopping sent we are as many floors as westfield San Francisco center. Not in chicago, not in new york. The retail is why they succeed which is why the body amended the planning code to eliminate the need for a cup for the seventh and eighth floors and above. So we believe this investment is good for San Francisco center and mixed use buildings are inherently complementary with the office use supporting the retail and retail an amenity for the office. And we are going to do a full renovation and that includes improved lighting at the street level and the largest nordstrom in the portfolio and will remain one of the largest in the country. Letters of support including one from nordstrom and they couldnt make it br are supportive of this project. We believe they must continue to be the Retail Destina
And i want to tell you that what were seeing right now is not a cycle change. Its a structural change, and i am sure you are aware and seen the retailers and the retailers are shrinking the footprint and it is not the Large Department stores but even tenants that used to be 5,000 feet are shrinking to 1,000 feet and trying to deal with how to market the goods online and cross market both aspects. It has had a very structural change and quite frankly t vacancy rate at union square is the lowest that i have seen in 25 excuse me t highest in 25 years of business in union square. This there is, as we all know, a lot of vacancies that are happening. Barneys is going to close, forever 21 is closing, Williams Sonoma and the multifloor retailers are going out of business and those are the only ones that can occupy the upper floors. They are just not there. We have been marketing 146 geary for four years and talking to tenants initially to take the entire building because that works the best fo
From 220 post. The likelihood that a Retail Business would want a stand alone third Floor Office Space that is accessible from an alley that provides minimal foot traffic, marginal street visibility and has some Security Issues is in our opinion simply less than minuscule. On the overhead, i want to post one more image which is looking at the alley from grant street and if you see the orange box, that is where the third floor business is. Pretty tough to see. Pretty unvisible. So with all that said, nothing prevents the third floor and the upper floors being turned back into retail if at some future point that becomes viable. Project does not include any physical changes that would preclude that, so i am going to let the project sponsor speak about the actual efforts to lease this building, but before i go, in your packet, you have support letters that collectively include 41 signatures in support of the project including a leter from members of the Street Building at 210 post which in
From the central bank, which caused inflation. In the 14th meeting of the Specialized Committee for the production of government assets, 35 only from the properties of various Government Agencies were introduced for production. Before this , the minister of economy said that by the end of july this year , the revenue from the production of government assets has tripled from the first 4 months of the previous year. And the bed falls to the ground, but it doesnt eat 3,000,000 billion tomans in different parts of the country. There are halffinished projects in the country. Officials said that there are 80,000 halffinished Construction Projects in the country. Lets finish the work. In fact, people have been expecting this for decades. Things come to a conclusion that because the lack of Financial Resources has stopped. Will we approve all the projects that we do not have the masala to be fully allocated . It will take about 28 years for this existing project to be completed. Our 13th gover
The meaning of meeting with his iranian counterpart and some other saudi officials mehrabad airport left tehran for riyadh, the Iranian Ambassador will also officially start his work at the same time as the foreign minister arrives. In the process of implementing the agreement between the two countries in march last month in beijing , the activities of military dependents in the embassies of iran and saudi arabia will resume. And met in this the meeting of the parties is based on the will of the country for the recent agreement on the restoration and development of relations, in which the provisions of the military dependents of the two countries will be exchanged as soon as possible and deployed at the mission location. The funeral was moved to his hometown in kanar village. Martyr mohammad jahangiri, 29 years old , was martyred in the terrorist attack on the shrine of shahcheragh, peace be upon him, on the night of august 22. On jihadi works and serving the people in deprived areas a