Posted Dec 13, 2015, 12:54 AM
|
|
Registered User
|
|
Join Date: Jan 2012
Location: San Diego
Posts: 1,287
|
|
I believe the requirements are ordered by the State as part of the deal after CalTrans sold the land to the city. Now that fewer and fewer plots of land are available in Transbay for BMR units, it is becoming much more difficult to pencil out affordability requirements on site.
A new auction should be set and the developers should stick with Transbay's original plan which was for an 800'+ office tower, therefore, no BMR requirement. Tall office towers look much better on the skyline than residential towers IMO.
|