SF to release Transbay housing developer from grocery store commitment

sfexaminer.com

4 pointsmasonic3 comments

TL;DR:

1) Developer gets project approved partly conditional on reserving 70% of retail space for a grocery store.

2) Developer deliberately allocates only 10 (ten!) parking spaces to the entire retail footprint (not just the store!).

3) Surprise! No grocery chain wants in under those limitations

Result: developer gets out of commitment. The 55-story building will have no inherent or added grocer. Ka-ching!

I hope the developer gets punished somehow for acting in bad faith.

I'm guessing that this wouldn't have unfolded the way it did had they not greased the necessary palms from the outset.