Posted Feb 19, 2007, 1:05 AM
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BANNED
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Join Date: Jun 2006
Location: San Francisco & Tucson
Posts: 24,088
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I think putting the second tower on hold would be a pretty foolish and surprising decision on their part. If started late this year, it wouldn't be ready for occupancy until late in 2009 most likely and I have trouble believing the real estate market will not be in much better shape by then.
Since there really hasn't been much evidence of a "burst bubble" in downtown SF, I have been wondering about the other projects on Rincon Hill. My understanding was that several of these are supposed to break ground this year. Anybody have any news about them? I would think they too would anticipate that things will look a lot better (if there actually is a slump now) before they could be ready for anybody to move in if they started when planned.
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