But a big part of the plan is up in the air: How much office and how much housing? Forest City is pitching two scenarios. The "office scheme" would give the site 871,900 square feet of office space and 914 housing units. The "residential scheme" would provide 598,500 square feet of office space and 1,209 housing units. The residential scheme would also include 59,100 square feet of shared open space, about 15,000 more than the office plan. Both office space and housing are of course in high demand and short supply in San Francisco. One of the difference makers could be the office space cap that the city expects to bump into next year because of the 1980s law enacted under Prop. M.
The project is in the city's queue for office space approval by the second quarter of next year, which would likely allow it to get space allocation before the city is expected to hit its limit, "as "the Business Times reported earlier this month. Like in "Forest City's Pier 70 project, which is on November's ballot, the developers are stressing that the space is for more than just office workers and residents who can afford luxury.
More @ SF Business Times
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