Wall Street Ripple: 535 Mission Suspended - NBC Bay Area

Wall Street Ripple: 535 Mission Suspended

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    Wall Street Ripple: 535 Mission Suspended

    First it was condos; then, offices (though, uh, zoned residential). Now? Nothing. With excavation and pile driving complete, construction on the $100 million 535 Mission Street tower has been suspended indefinitely. No permits have been withdrawn for the 27-story structure, but it's unclear when the building might resume. It may be next door to the brand-new well-lit 555 Mission tower, but with sales slowing and investors tightening their grips on their wallets... Well, you know the rest. So no new Chinese fingertrap -- or for that matter, any new towers up in that bit of SoMa for at least the next few years. (Yes, Transbay, it is nigh.)

    · Construction work suspended at new downtown office tower [SF Business Times]

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