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Old 11-02-2009, 03:56 PM   #1
stellarfun
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No new buildings in San Francisco for years and years

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....
Mahoney said the belief among many lenders is that the demand for commercial space and condominiums could be "extraordinarily weak" for several more years, in large part because businesses aren't showing signs of growing or hiring. San Francisco's unemployment rate has hovered near 10 percent since June. The state figure was 12.2 percent in September, lending support to the "jobless recovery" theory.

Lenders' jaundiced view of the market, along with Bay Area construction loan delinquency rates hovering at 17 percent, means that banks and other lenders are reluctant.

Some San Francisco condo developers say that lenders won't even entertain solid projects with a high level of equity at good locations.

That's bad for developers of all sizes, including megabuilders like the Lennar Corp., which San Francisco has partnered with to develop tens of thousands of homes and commercial space at the former Hunters Point Naval Shipyard, Candlestick Point and Treasure Island.
http://www.sfgate.com/cgi-bin/articl...type=printable
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Old 11-02-2009, 05:26 PM   #2
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Re: No new buildings in San Francisco for years and years

What about the Transbay Terminal Tower? Axed?
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Old 11-03-2009, 08:32 AM   #3
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Re: No new buildings in San Francisco for years and years

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What about the Transbay Terminal Tower? Axed?
Not axed.

Undergoing a redesign at the bottom to put in a train box.

HOWEVER, Hines, chosen as the developer, has turned over to its lender a big SFO commercial building it owned. (The same Hines of SST.)

http://sanfrancisco.bizjournals.com/.../daily100.html

So I don't think this will go until the state is ready to build the train terminal and trackage.
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Old 11-03-2009, 10:02 AM   #4
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Re: No new buildings in San Francisco for years and years

What train would be run into here?
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Old 11-03-2009, 10:24 AM   #5
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Re: No new buildings in San Francisco for years and years

CalTrans, and maybe Amtrak too.

When I returned from my trip to Japan a few years back, my flight landed in San Jose. I took CalTrans commuter train to this depot and walked up 2nd (to Montgomery to Columbus) to meet the friend I was staying with. It's about eight of blocks to Market Street.
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Old 11-03-2009, 10:44 AM   #6
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Re: No new buildings in San Francisco for years and years

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What about the Transbay Terminal Tower? Axed?
They really need to rethink the name of this tower. "Transbay" ...in San Francisco... is this some kind of joke???
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Old 11-03-2009, 10:51 AM   #7
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Re: No new buildings in San Francisco for years and years

^^Yeah, no kidding! Who who ever associate crossing a bay with San Fransisco?! Ridiculous!
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Old 11-03-2009, 10:59 AM   #8
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Re: No new buildings in San Francisco for years and years

the "Transbay Terminal" is a station for buses (and formerly for streetcars) that cross the Bay Bridge.
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Old 11-03-2009, 10:59 AM   #9
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Re: No new buildings in San Francisco for years and years

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"Transbay" ...in San Francisco... is this some kind of joke???
It's a reference to the city's rail-transit history that predates the construction of the Bay Bridge. Passengers would disembark from trains at this terminal and board ferries to Oakland, Berkley, or board trains to points east, like Sacramento.

I'm not sure, but I believe some pieces of rolling-stock (most likely freight) could be rolled onto large ferries and carried across the Bay. The channel near AT&T Park may have been used for just this purpose.
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Old 11-03-2009, 11:06 AM   #10
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Re: No new buildings in San Francisco for years and years

I thought the SF Ferry Building was basically a rail station for coaches floated across from Oakland?
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Old 11-03-2009, 12:52 PM   #11
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Re: No new buildings in San Francisco for years and years

Trans Bay Terminal would/might be the northern terminus for California's high speed rail system.

http://www.sfgate.com/cgi-bin/articl...BAMJ19QIMR.DTL
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Old 11-03-2009, 01:28 PM   #12
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Re: No new buildings in San Francisco for years and years

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^^Yeah, no kidding! Who who ever associate crossing a bay with San Fransisco?! Ridiculous!
Ok...looks like a few of you took your obtuse pill today.

I KNOW what it literally means.

I was laughing at the "Trans" part of Transbay - you know...as in the whole LGBT thing...San Fran being the capital thereof, etc...
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Old 11-03-2009, 01:43 PM   #13
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Re: No new buildings in San Francisco for years and years

No, we all got it. We just aren't twelve year olds, so we were tactfully ignoring it.
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Old 11-03-2009, 01:45 PM   #14
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Re: No new buildings in San Francisco for years and years

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Old 11-03-2009, 01:47 PM   #15
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Re: No new buildings in San Francisco for years and years

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I thought the SF Ferry Building was basically a rail station for coaches floated across from Oakland?
More like Fairy Building! Amiriteguys?
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Old 11-06-2009, 01:03 PM   #16
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Re: No new buildings in San Francisco for years and years

RE: naming of the terminal, that's not its full name. It's actually "Gay-Lesbian-Bisexual-TransBay".
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Old 11-08-2009, 12:14 PM   #17
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Re: No new buildings in San Francisco for years and years

I would love to jump right in and ignore the gay comments, but I'm going to San Francisco tues- friday and when I updated my status on facebook to mention this about 1/3 of my young, professional friends made comments about me, "going to visit my boyfriend" etc.

Regardless, I can't wait to go. I haven't been there at an age where I'm old enough to remember/ enjoy anything about it.
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Old 11-08-2009, 06:15 PM   #18
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Re: No new buildings in San Francisco for years and years

It's really absurd people still stereotype SF that way - I thought most knew that it's way more of a tech-yuppie mecca at present.
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Old 11-09-2009, 08:03 AM   #19
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Re: No new buildings in San Francisco for years and years

One of the most recent innovations out of SF: the queer rosary

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It's really absurd people still stereotype SF that way - I thought most knew that it's way more of a tech-yuppie mecca at present.

So is the stereotype really all that absurd??? ...you be the judge.
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Old 11-09-2009, 05:00 PM   #20
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Re: No new buildings in San Francisco for years and years

You'd think that the opposite was true but I've never heard anyone mention it:

"You're going to Massachusetts on vacation? ARE YOU GOING TO GET GAY MARRIED??"
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