Wall Street Ripple: Seawall Lot 351 Fail

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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