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Developers say downtown office projects are moving; commissioners press staff on tracking 18-month starts
Summary
Planning staff updated the commission on four long-delayed office projects (350 Bush, 500 Pine, 801 Market, 3433 Third). Two properties were sold and developers reported recent steps — including payment of Jobs-Housing linkage fees of roughly $5.15 million and $664,000 — and sponsors said they intend to build; commissioners discussed tightening reporting and possible revocation of unused allocations.
Planning Department staff updated the commission on four office projects that had exceeded the city’s 18-month commencement expectation. Staff reported property transfers and recent activity: 350 Bush and 500 Pine are under new ownership; building permits were filed and Jobs-Housing Linkage Program payments were recently made ($5,153,000 for Bush; $664,000 for Pine). Sponsors and agents…
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