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SAN FRANCISCO-Catellus Development Corp. and Wilson/Equity Office have reportedly locked up rights to build most of the office space allowed in this city under its 14-year-old development cap. The planning commission is set to allocate up to 883,000-sf of land in March that can issued for this fiscal year under the city’s development-control rules: 875,000-sf of large projects permitted under Proposition M and an additional 8,000-sf-plus unused from last year.

Catellus Development Corp., whose Mission Bay project is automatically the first in line due to a 1998 agreement, increased its request from 190,000-sf to 475,000-sf. In addition, Wilson/Equity Office won’t have to compete for its 294,000-sf-plus project at Foundry Square because plans for the project were already evaluated and approved, according to Gerald Green, planning director. That leaves only 115,000-sf for the 1.2 million-sf projects still on the board by five different developers, including TishmanSpeyer, which had hoped to build a 557,000-sf project.

While the planning commission has agreed to add expired office entitlements to the pool of available space – thus adding more than 200,000-sf – the chances that TishmanSpeyer’s project meets approval is slim – unless the city can find additional space or the company alters its plans.

Other developers in the running include A.F. Evans – which hopes t a 237,000-sf low rise office building at 601 King St., Pacific Resources is proposing 140,000-sf office space at 801 Market St. and McCarthy Cook hopes to obtain approvals to build 193,000-sf at 185 Berry St. for residential units and another 125,000-sf for office space.

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