SAN FRANCISCO—Kilroy Realty Corp., which justlast week purchased the property where the San FranciscoFlower Mart is located, says it will incorporate themarket into its development plans there.
Last week Kilroy announced that it had reached a deal to acquirethe shares of the San Francisco Flower GrowersAssociation, which owns part of the site. Kilroy will pay$27 million in stock and cash for thatacquisition. Plans call for the SOMA site to be developed with twomid-rise buildings totaling 655,000 square feet.But the Flower Market will stay, chairman and CEOJohn Kilroy told the San FranciscoChronicle.
"The Flower Mart has been a part of the fabric of the communityat this location for more than 60 years—and who doesn't loveflowers?" Kilroy said. "Our first charge to (architect)SOM was first, let's find a way to make thisproject work economically and second, let's preserve the FlowerMart for the long term."
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
