Gap has agreed to pay at least $2 million for the project aspart of the deal for their nearby 15-story headquarters. Thecommission's approval was essential because it has jurisdictionover more than half of the 85,800-sf project.
Developer Nice Ventures will build an allotted 12,000 sf ofrestaurants, while Wilson/Cornerstone Properties will build therest. Wilson/Cornerstone is also currently building the new Gapheadquarters.
The commission has issued Gap a permit mandating thatconstruction begin by Oct. 1, 2001, and end no later than a yearfrom that date.
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