Monday, October 24, 2005

Condos, offices drive Mid-Market ‘revitalization’

From today's Examiner, "The Federal Building, currently under construction, has received accolades for its eye-catching architecture and green design. Developers who just broke ground next door on a 22-story condo tower (to be called the SOMA Grand) hope their project will work in visual harmony with the federal government’s $144 million project at Seventh and Mission streets."

"Currently, the block doesn’t have much foot traffic. But when the Federal Building opens next summer, 1,200 employees will flood the area and another 500 residents will move in when the Soma Grand opens in two years."

"David Addington, owner of the Warfield Theater, said the huge expansion of the San Francisco Centre mall at Fifth and Market streets, to be finished next year, will boost the neighborhood."

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