Quote:
Originally Posted by viewguysf
I think you should keep them crossed for a lot longer than that. Remember, Oceanwide Center did much more than break ground.
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Oceanwide is Chinese financed and that is its essential problem. Chinese overseas investment is subject to both the shakiness of the finances of the particular company, and a lot of them are very shaky (Google the troubles of China Evergrande and now Soho), but also governmental restrictions on capital exports that have only gotten worse since Oceanwide stopped active construction.
Parcel F is a project of US companies Hines, Urban Pacific and Goldman Sachs. It would be hard to find a bluer blue chip list of project sponsors. There can be no question they've got the cash and credit to proceed if they have the will and the Rosewood Hotels deal apparently was the critical factor in giving them the will. With only about ⅓ of the building being office (375,000 sq ft out of 957,000 sq ft), and with the hotel portion signed for, evidently the sponsors are comfortable.
Incidentally, these renderings are the first I've seen of the city skyline with BOTH Parcel F and Oceanwide in place:
https://sfyimby.com/2021/09/rosewood...francisco.html