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Supervisor Preston says 555 Fulton Street is under contract; committee pauses hearing on proposed Trader Joe’s
Summary
Chair Dean Preston announced Z and L Properties has a pending contract to sell 555 Fulton Street to a buyer who aims to bring Trader Joe’s to Hayes Valley; the committee postponed the hearing to the call of the chair so parties can finish the transaction and preparations.
Supervisor Dean Preston announced at the Government Audit and Oversight Committee meeting on April 6 that the owner of 555 Fulton Street, Z and L Properties, is in contract to sell the site to a buyer who is "eager" to prepare the space for Trader Joe’s, and he moved to continue the scheduled hearing to the call of the chair.
The brief announcement recalled the site’s long history: the Board of Supervisors adopted a Fulton Street grocery special-use district on April 22, 2008, enabling a large-scale neighborhood-serving grocery at the Ground Floor of the building. The Planning…
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