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Related, TNDC continue search for Block 8 grocer as commission approves air‑rights lease for 80 affordable units
Summary
Presenters told the commission Related has set aside ~12,500 sq ft for an on‑site grocer and market research ranks Trader Joe’s and health/organic formats as strong prospects; the commission also authorized a 75‑year air‑rights lease for an 80‑unit affordable project on Block 8, reserving 20 parking spaces and imposing outreach and SBE contracting requirements.
Related California and project partners briefed the commission on March 15 about efforts to secure a grocery tenant for Transbay Block 8 and OCII simultaneously approved an air‑rights lease to enable an 80‑unit affordable housing project on the same block.
Grocery update: Colliers’ leasing representative summarized market analysis showing a trade area that could support a grocery anchor and identified three retail categories — Trader Joe’s‑style, health/organic and upscale independent markets — as target prospects. The developer has allocated roughly…
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