Quote:
Originally Posted by minesweeper
The only thing I've seen is that the official website now says "Q4 2018" for start of construction (according to the Wayback Machine, they changed it from "June 2018" around September of last year).
I wonder how they are financing the construction? Maybe that's what they're working on now that they have final approval. |
That's so frustrating. I wish this one went to a more experienced developer. This is such a necessary piece of the puzzle to reinvigorating the whole area, and frankly one of the projects with the most complexity given that it includes the Oak Street plaza and the MUNI entrance. If they keep pushing it back or struggling with getting financing or logistics down, which many other high-rise projects that were proposed AFTER this one seem to be doing just fine with, we're getting closer to the point where it's just shelved or cancelled for this market window, or maybe forever. I would hate to see this one get scrapped and some crappy 7 story building get built in a downturn. There's just so much riding on One Oak given all the features for the neighborhood beyond just the building itself, but the height is absolutely necessary, and would be a precedent for projects like the Honda dealership, the French American School tower, and the Otis/Gough 25 story building that might face more skepticism without the completed height on this side of Van Ness.