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Originally Posted by Jerry of San Fran
I have been in Europe for 2 weeks and just retruned this week visiting Copenhagen, Helsinki, Stockholm and more. The architecture was quite fascinating - they have their own sytle that I have not seen before. Very civilized cities!
I understand that the owner of Trinity Plaza wants to lower the number of people who can move into Phase I of the new construction with rent control, this according to my neighbor. Anyone have information on this development? True?
I went to a condo warming on the 20th floor of One Rincon Hill. Spectacular views from the floor to ceiling windows in the living room!
A view of Phase I - the penthouse is the only area without windows on my end. Thanks for the info. nativeguy1964 from your end.
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Sounds like you had a good trip.
Its just a parapet no penthouse up there.
There is no way the owner can change the rent control situation as 360 units was the deal. There's no way the bos will allow a change.
What your friend may have heard is the change in the recent amendment, that pertains to the definition of current resident.
it changes the meaning to mean those who live here at the time of "temporary cert. of occupancy" instead of "permanent cert of occupancy"
because at the time the temp. cert is issues, the process of seniority, notification, and choice has to begin. To wait unitl final certification, to begin the process would lengthen the process which is already going to be a huge proccess, to begin with. So, anyone who moves in here after the temp. is issued, would not be subject to the deal, however, there will still be 360 rent controlled units, its just that the starting rents on the post temp cert residents will start out at current market rate.
did you get all that?
Its just like the commission wanted to give tenants 5 days instead of 3 days or something like that, to make the choice and respond to management in writing, it was pointed out that giving and addtional few days to each of 360 tenants would drag the process out by a year.