X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO-Voters may get the final say regarding development of San Francisco’s Pier 45. In June, the Port Commission granted development rights for Shed A to Cleveland-based developer Malrite Co., which plans a $30-million San Francisco-themed interactive history museum museum. Losing out was the nonprofit Bay Center, which instead wanted to develop an environmental-themed project in the 71,000-sf shed.

But four members of the Board of Supervisors countered the move by sponsoring Proposition R, a non-binding measure that lets voters give their opinion on the matter. Mayor Willie Brown then stepped in and asked the parties to discuss ways for both projects to be housed in the shed.

Malrite reportedly offered to slice off 4,000 sf of Shed A and donate it rent-free to the Bay Center. It also offered to throw in a $750,000 annual subsidy and use of Malrite marketing resources. It apparently wasn’t good enough because both sides say talks have broken down, giving voters the opportunity to be the swing vote.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.