Wall Street Ripple: Seawall Lot 351 Fail

prince oquendo 9 sept

Another one's down, folks. The Port of San Francisco's plan to develop an Embarcadero lot is on hold because only one company got it together to submit a development proposal. The Port is now extending the deadline through the end of the year -- and further into the financial mess? "We are talking about a building that is going to last 100 years. What is another few months?" says the Port's all-too-optimistic project manager. But potentially interested developers are reminding her: it's not like they'll have more cash flow mid-holiday season than they did last week. Surprise, surprise: this one could take a while.
· S.F. delays plan to develop Embarcadero lot [SF Business Times]For more stories from Curbed SF, go to sf.curbed.com.

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