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|    Message 27,096 of 27,552    |
|    You Voted For It to All    |
|    'A slap in the face': After 10 years, wh    |
|    12 Mar 24 11:45:54    |
      XPost: alt.fan.rush-limbaugh, ba.politics, sac.politics       XPost: talk.politics.guns       From: blue-shit-holes@sanfrancisco.com              For a decade, Lombardi Sports has sat empty at the corner of Polk and       Jackson streets—a usually bustling area, popular for drinking and dining,       amongst several desirable San Francisco neighborhoods.              At a glance, it would appear to be an excellent opportunity for       redevelopment. Apartments here would likely be snapped up in no       time—average rent for all apartment sizes in nearby Nob Hill is $3,468,       according to Zumper—it’s over $4,000 in Pacific Heights just across Van       Ness Avenue.              The space at 1600 Jackson St. has had its fair share of attempts to       revitalize it after selling its last pair of running shoes in 2014,       including plans for 62 new apartments that the developer backed out of,       plans for a Whole Foods that the city shot down and a Target that locals       said no to. Mollie Stone’s signed a lease on the property, but that       collapsed during the pandemic. In its 10 years of sitting vacant, three       firm plans have failed, and two others didn’t make it out of the gates.              Readers have likely heard similar San Francisco redevelopment stories       before, where a myriad of city red tape and the insanely high cost of       getting anything built have been at the forefront of political discourse       for a good long while now. And the reason Lombardi’s has sat empty is no       different: bureaucracy, according to the building owners.              But it’s not for a lack of trying. Owners Rob Isackson and Scott Kepner       filed housing plans shortly after buying the former sporting goods store       on 1600 Jackson St. but later backed out because it was not financially       feasible.              “We value the property more as commercial long term,” Isackson said. “It       would be a fabulous location for a full-service gym. It’s also a great       grocery store location.”              But subsequent efforts to fill the building with retailers or grocery       stores over the last nine years have faltered.              Owners are open to selling the building for around $25 million, according       to leasing agent Matt Holmes.              The owners blame the city’s formula retail ban for getting in the way,       especially with plans for a Whole Foods with eight homes above it, which       the city’s Planning Commission killed in 2018. Although the ban didn’t       apply to Mollie Stone’s lease, it still fell through.              Kepner said the ban makes it more difficult to secure a new tenant because       the business cannot have more than 11 locations. The ban was approved by       voters in 2007 to "protect San Francisco's vibrant small business sector       and create a supportive environment for new small business innovations."              But the old sports store is probably too big for most small businesses;       its two stories are spread over 32,000 square feet, more than half a       football field. In short, finding a small business with enough cash to pay       the $92,500 monthly rent and fill the huge space is proving to be almost       impossible. Rent is priced at $2.50 per square foot. Parking is included       for the tenant, Holmes said.              “It’s a difficult needle to thread,” Kepner said. “We’d love to get       someone in there if the city will approve.”              Whole Foods was denied in 2018 by the Planning Commission because its plan       didn’t include enough housing and there were fears it would damage       existing local businesses’ bottom lines.              “It’s an iconic building,” said Planning Department Chief of Staff Dan       Sider. “It’s a shame it’s been empty for so long.”              Lombardi Sports’ wasted decade:       Nov. 17, 2014: The building's owners file plans for 62 homes on the site.       But then they back out, as the demolition and rebuild costs make the       project too expensive to make money.       Spring 2015: Target approaches the owners to explore leasing out the       space, but both parties decide not to pursue a lease agreement after       community outreach by then-Supervisor Julie Christensen finds local people       don’t want a chain store there.       January 2016: Whole Foods signs a lease to open in the space in early       2016.       Nov. 8, 2018: The Planning Commission denies plans to open a Whole Foods       365.       Early 2019: Mollie Stone’s signs a lease with plans to open its 10th       location to open in 2020.       Nov. 21, 2019: A construction company working for Mollie Stone’s applies       for a building permit for $2.5 million of tenant improvement work to turn              [continued in next message]              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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