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Commission accepts Merrill Lynch lease termination at Showers West; firm to vacate by March 31, 2026
Summary
The Redevelopment Commission approved the key provisions of a lease termination with Merrill Lynch, permitting the firm to remain through March 31 while leaving furniture and non-sensitive fixtures behind; city staff said this avoids settlement costs and yields vacant space sooner for public reuse.
The Redevelopment Commission on Sept. 2 approved key provisions of Merrill Lynch’s lease termination at the Showers West building, allowing the firm to occupy the space through March 31, 2026, and to leave built-out furniture and fixtures behind rather than requiring reimbursement for moving costs.
Dana Kerr and Margie Rice summarized negotiations. Staff said Merrill Lynch…
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