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What are you proposing to build at 935-965 Market Street?
What types of tenants will be included in the project?
How far along are you in the planning process?
When will the project be open?
Will you be meeting with members of the community regarding your plans?
What kind of jobs will be available as a result of this project?
What will you do to address traffic problems?
What other enhancements will occur to the surrounding area as a result of the project?
What are you proposing to build at 935-965 Market Street?
We are proposing a new five-level building with approximately 250,000 square feet of new retail space.
What types of tenants will be included in the project?
Urban Realty believes that the City's major retail corridor should offer balanced retail choices that cater to San Francisco's entire economic spectrum. While we have yet to engage any potential tenants for our proposed project, we intend to bring affordable, value-based retail tenants to the area and expand the shopping choices available to make this section of Market Street a shopping destination that truly caters to San Francisco's diverse demographic.
How far along are you in the planning process?
We are currently working on our Draft Environmental Impact Report, which we hope will be published before the end of 2009.
When will the project be open?
If City approvals are granted, construction on the project is expected to begin in 2010 and should be complete by 2012. We hope to have the building occupied and open for shoppers shortly thereafter.
Will you be meeting with members of the community regarding your plans?
We've already met with many residents, businesses, and community organizations in the Mid-Market area, in addition to members of the larger San Francisco community. We look forward to continuing to work with project stakeholders throughout the approval process and plan to host a public, community-wide meeting in the coming months.
What kind of jobs will be available as a result of this project?
We estimate that this project would create up to 250 union jobs during construction and 760 new permanent retail positions. We are committed to utilizing the local workforce and resources available within our immediate community during the construction and development phase of the project.
What will you do to address traffic problems?
Traffic is inevitable along Market Street. Fortunately, it is remarkably well-served by public transit, including Muni and BART, and we are committed to encouraging transit ridership to limit any additional traffic generated by our project. We will work with the Department of Parking and Traffic and the Planning Department to thoroughly examine urban planning solutions to any traffic-related issues.
What other enhancements will occur to the surrounding area as a result of the project?
CityPlace will bring physical improvements to the surrounding area, in the form of lighting, plantings, and new artistic bicycle parking pods on Market Street. The CityPlace team will also make enhancements to Stevenson Street, the alley behind the project site, to encourage pedestrian activity. For more information about the public benefits of the CityPlace project, please visit our Public Benefits page.
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