Flower Mart Gets First Go-Ahead from Planning Commission
The project’s development agreement must still be approved by the San Francisco board of supervisors and signed by the mayor, a process which could be complete as early as October of this year.
SAN FRANCISCO—The Flower Mart project in Central SoMa was unanimously approved by the San Francisco planning commission at its public hearing last Thursday. The project is being developed by Kilroy Realty Corporation.
The approval includes an initial office allocation of approximately 1.4 million square feet under San Francisco’s office development annual limit program (Prop. M), as well as priority for a future phase allocation of approximately 350,000 square feet in 2021, with the remainder of the more than 2 million square feet of office space in the project allocated after 2021. The project’s development agreement must still be approved by the San Francisco board of supervisors and signed by the mayor, a process which could be complete as early as October of this year, says Kilroy.