- Get link
- Other Apps
As Dave Z has pointed out the residential project (SOMA) being completed mid-2023 was not break news.
Check out this from Spectrum News from July of 2021.
The real news is that the 2nd residential project will not begin until the 1st project is completed and "market intel" is gathered.
According to the LDA, look at Exhibit B on page 58 that was just signed this past fall, the targeted occupancy of 125 apartments by December , 2023.
Now only 4 months after completion of the LDA, it is highly unlikely ground will even be broken by December, 2023.
- Get link
- Other Apps
Comments
The Land Disposition and Development Agreement states a September 1,2022 date for occupancy in two places was executed on December 13,2021, almost 5 months after the Spectrum News article. You would have thought a legal document would have the correct dates in it. You are correct with the occupancy date on the second residential building originally slated for occupancy on December 31,2023. There is a May 1, 2024 date for the hotel in one section but not the other but it has wording regarding the issuance of a building permit. The lab building "anticipates construction will proceed" for an "Occupancy targeted for December 31,2024". Finally, there is like three paragraphs on the Left Field Building that I do not understand. In summary, I don'y know when anything is suppose to be completed.