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Old May 16th, 2006, 08:33 AM   #1
612bv3
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San Francisco/Oakland Development News

SAN FRANCISCO - OAKLAND DEVELOPMENT NEWS II


San Francisco:

- One Rincon Hill (underconstruction)
Website l Webcam l Rendering 1
- The Infinity (underconstruction)
Website l Rendering 1 l Rendering 2 l Rendering 3
- Millennium Tower (underconstruction)
Website
- Intercontinental Hotel (underconstruction)
Rendering 1
- San Francisco Shopping Centre/Bloomingdale's (Opening September 28, 2006)
Website l Video l Tenants Introduction Video l Dining Experience Video l Rendering 1 l Rendering 2 l Rendering 3 l Rendering 4
- The Ritz-Carlton Residences (underconstruction)
Website l Rendering 1
- Aterra (underconstruction)
- Park Terrace (underconstruction)
- Federal Building (underconstruction)
Rendering 1 l Rendering 2
- The Contemporary Jewish Museum
Website
- The Mexican Museum
Website
- 555 Mission
- 535 Mission
- 350 Bush St
- California Academy of Sciences
Website l Rendering 1 l Rendering 2 l Rendering 3 l Rendering 4 l Rendering 5 l Rendering 6 l Rendering 7 l Rendering 8
- The Californian
- 201 Folsom
- James R. Herman Cruise Ship Terminal
Rendering 1 l Rendering 2 l Rendering 3 l Rendering 4 l Rendering 5 l Rendering 6
- Transbay Transit Center
Website
- 1177 Market Street (Trinity Plaza)
Rendering 1 l Rendering 2

Oakland:
- City Walk
- 288 3rd Street
- Cathedral of Christ the Light
Rendering 1
- Oakland Bay Bridge (underconstruction)
Website l Rendering 1 l Rendering 2

Other:
- Stanford Stadium (underconstruction)
Website l Rendering 1 l Webcams l Rendering 2 l Rendering 3 l Rendering 4

Let's do a better job updating this thread.
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Old May 17th, 2006, 04:41 AM   #2
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Do we have moderator? This needs to be "Sticky-ed"
That's a great list, 612bv3!
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Old May 19th, 2006, 12:48 AM   #3
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Mexican Museum wins $2.4M grant
San Francisco Business Times - May 8, 2006
by Sarah Duxbury

The Mexican Museum has won a $2.4 million grant from the California Cultural and Historical Endowment.

This money brings the museum closer to its goal of building a new museum in San Francisco's Yerba Buena arts district.

Raising the $8 million necessary to build its new museum has proven difficult for the Mexican Museum, and this new grant brings it near that goal. Prior to this grant, the museum had raised just under $5 million.

The California Cultural and Historical Endowment was formed to distribute $122 million of $276 million Proposition 40 funds. It is charged with funding public agencies and nonprofits that preserve and protect California's culture and history.

The first grants were made last May when 13 projects were funded. The Mexican Museum failed to win first-round funding from the endowment, but it won one of the largest grants in the second round. $43 million was made available in the second round.

The money will be used to help the museum build a new home on Jessie Square.

Since the Mexican Museum's plans were finalized, construction costs have skyrocketed. Some estimates have the museum needing $12 million to complete its project. The San Francisco Redevelopment Agency is committed to building the core and shell of the new museum, which was designed by renowned architect Ricardo Legoretta.

Fund-raising challenges and the recent purchase of the adjacent building by JMA Ventures have raised questions about the what the museum will look like, but all parties remain committed to opening the Mexican Museum in the redevelopment area.

The museum is currently located in Fort Mason and has a permanent collection of more than 12,000 objects, making it one of the largest collections of Mexican art in the country.
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Old May 19th, 2006, 12:51 AM   #4
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St. Mary's to start work on new academic building
San Francisco Business Times - 11:38 AM PDT Monday

Saint Mary's College will break ground this week on a building to house the college's Kalmanovitz School of Education.

The Moraga college expects construction of the $23.4 million building should be completed by September 2007. In addition to housing the school of education, the two-story, 37,000-square-foot building will hold classrooms, faculty and administrative offices and various academic support services.

"Saint Mary's is committed to meeting the significant need for qualified teachers in the Bay Area and beyond," said Saint Mary's College President Brother Ronald Gallagher.

Work on the building begins nearly two years after the college learned that it would not receive $120 million pledged by an anonymous donor.

"Saint Mary's learned some valuable lessons from that experience," said Ray Larkin, president of the college's Board of Trustees.

The work will be funded through gifts from more than 40 individuals and foundations, including the estate of Frank and Olivia Filippi, for whom the building will be named.
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Old May 19th, 2006, 12:53 AM   #5
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Cruise ship terminal in hot water
Lend Lease may bail out
San Francisco Business Times - May 12, 2006
by J.K. Dineen

Bovis Lend Lease has defaulted on its agreement to build a waterfront cruise ship terminal and office complex in San Francisco, and is looking for another developer to take over the $400 million project, according to city officials.

The giant Australian developer had until the end of April to pay the Port of San Francisco $150,000 to maintain exclusive site control and entitlement on Piers 30-32, said Byron Rhett, director of planning and development for the Port of San Francisco. That money was not paid, he said, and Lend Lease is currently in a "cure period" during which the developer and the port are working out a solution.

"Ultimately it is their call," said Rhett. "We remain hopeful and optimistic this can be resolved."

Both Rhett and Jesse Blout, director of the Mayor's Office of Work Force and Economic Development, said that Lend Lease is scaling back its United States operations and the cruise terminal project does not appear to be a part of its plans.

"I don't have anything in writing, but it appears they are going in a different direction, as far as how they are structured here," Rhett said.

Lend Lease Project Manager Paul Osmundson didn't return repeated phone calls seeking comment over a two-week period.

Blout suggested that the port and Lend Lease should not have trouble finding a company to take over the complex waterfront project.

"Certainly there is significant interest from several major developers for that property," said Blout.

Lend Lease has been the lead developer in San Francisco Cruise Terminal LLC. The joint venture between the company and minority partner Port of Singapore, includes the completed Watermark condo project, the cruise terminal, and a 350,000-square-foot office complex.

If Lend Lease walks away, it could result in a $30 million to $40 million windfall for the cash-strapped Port of San Francisco. Under a complex deal, struck in 1999 and renegotiated in 2003, the developer paid $9 million for the rights to the Watermark condo site, and receives 12.5 percent profits from the first phase of the development, the 120-unit Watermark Tower, which was completed in March. The rest of the profits from the sales are collected in an account that the developer would use to construct the James R. Herman International Cruise Terminal.

If San Francisco Cruise Terminal LLC walks away from the project, that money would revert back to the port. While port officials initially expected the profits to be about $20 million, based on early sales figures and the still-hot luxury condo market in the South Beach neighborhood, it now seems likely that the Watermark could generate between $30 and $40 million. Thus far, 20 out of 120 units at the Watermark have closed escrow in the two months the project has been on the market.

Whether or not the windfall would go toward the cruise terminal or other port priorities would be a "policy decision for the Port Commission," said Rhett.

South Beach neighborhood activist Jeffrey Leibovitz said it's important that the Watermark profits remain dedicated to the cruise terminal, and also for the construction of the Brannan Street park. As part of the original agreement between the port and Lend Lease, the $9 million land sales proceeds were to fund a new waterfront park on Brannan Street, which has yet to be built.

"My fear is that money will be misappropriated for other ventures," he said.
Cruise business growing

Rhett said the project is increasingly important to the city, where cruise ship calls have doubled since 2000 to about 80 stops in the past year, generating $20 million annually for the city's coffers. For the first time ever, four cruise ships made calls in the city on May 9, and 25 ships are expected this year in May alone.

"Our cruise business is growing each year," said Rhett. "It's important we indicate to the cruise lines our interest in developing a new state-of-the-art terminal."
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Old May 19th, 2006, 12:57 AM   #6
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D.R. Horton plants flag in Oakland
$62M buys rights for highrise housing
San Francisco Business Times - May 12, 2006
by Ryan Tate

The nation's largest homebuilder, D.R. Horton, has jumped into the Oakland market for the first time, buying approved plans for a 22-story tower on the edge of Chinatown.

The company is expected to pay close to $350 per square foot -- or upwards of $62 million in total -- to build the project at 188 11th St, near Lake Merritt. High construction prices have stoked speculation among competing developers over whether D.R. Horton will actually move forward with the project, given stagnating sales prices of condos in the area. D.R. Horton did not respond to calls for comment.

"It's good for all of us if they go ahead," said Stuart Gruendl of BayRock Residential, which is building a nine-story residential tower on the other side of Chinatown several blocks away.

D.R. Horton has continued to update the city on the project within the past week, said planner Heather Klein, who confirmed that D.R. Horton now owns the site. The company has proposed only minimal changes to the 291-unit building, which is slated to include 3,500 square feet of ground-floor retail.

D.R. Horton is in the process of locking in a so-called "vesting map" that would ensure the project is exempt from affordable housing requirements now before the City Council. Some Oakland developers believe the property could be the first in a series of entitlement acquisitions designed to dodge the city's proposed affordable housing law.
Avoiding risk

By buying an already-entitled parcel, D.R. Horton positioned itself to avoid the significant financial risk that prompted Lennar Corp., another national homebuilder, to cancel its contract to acquire a large parcel of land just a few blocks from D.R. Horton's.

Lennar needed to win formal entitlements for its project, a 500- to 850-unit housing development, before construction could begin. There was little doubt Lennar would get its approvals, but a backlog at the Planning and Economic Development Department meant the process could take a year and a half or longer.

In the meantime, profitability could evaporate, pressured by flat or falling condo prices on the one hand and the affordble housing requirement on the other.

Because it did not yet have building permits, Lennar faced a significant chance of becoming snared by the affordable housing law as it is now written, meaning it would have to set aside at least 15 percent of units for people with low or median incomes. By cutting into the potential profits, the proposed affordability requirements elevated Lennar's risk significantly.

D.R. Horton, meanwhile, should have little trouble obtaining building permits before the end of 2007. That's when a proposed affordable housing law would kick in.

D.R. Horton's largest competitor, Pulte Homes, has not pursued a midrise or highrise project in Oakland in the past 12 months, said Pulte regional President Steve Kalmbach, due to spiraling concrete and steel prices, which have risen about 30 percent in the past 12 to 18 months. Kalmbach said the rising costs are all the more worrisome given flat prices at an eight-story condo development Pulte is selling in the Jack London Square neighborhood, across Interstate 880 from Chinatown. Kalmbach said he would be hard-pressed to make sufficient profit on a new project in Oakland even if he could get the land for free.

The pace of condominium sales "is going back to normal -- which is half of what it has been in the last two years," said Richard Knutson, who arranges land and building sales to condo developers at Moison Investment Co.

Broker Tom Gregoire of GVA Whitney Cressman believes there will be high demand for properties with city approvals that can be rapidly converted to building permits, avoiding the affordable-housing requirements. He just began marketing such a property, Joe Hernon's 1640 Broadway, which has approved plans for a 36-story condominium.

"People are going to be begging for it," Gregoire said. "No inclusionary housing -- what does that add on a per-door basis?"

Gregoire certainly hopes the answer is, "a lot" -- his asking price works out to about $425 per square foot of land, which would be a new record.
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Old May 19th, 2006, 12:59 AM   #7
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HKS tapped to design 650-unit Mid-Market condo towers
San Francisco Business Times - May 12, 2006
by J.K. Dineen

For Dallas-based HKS Architects, it may turn out that the Letterman Digital Arts Center in the Presidio was just a warm-up act.

After subleasing a small office in the Landmark Building for the Letterman project, HKS has snagged the contract as production architect for Crescent Heights' 650-unit condo development at 10th and Mission streets. Heller Manus is the design architect.

For that job and others, HKS has leased 3,000 square feet at 650 California St. and plans to more than double its staff to 20 architects this year, according to HKS Architects Inc. Vice President Brendan Dunnigan.

"Our growth projection in San Francisco is 10 people per year," said Dunnigan. "We're at 10 and it looks like we'll add another 10 this year."

The company has been attracting some quality defections, including Mark Donahue from Gensler.
Going strong in Fremont

Peery-Arrillaga may be winding down in Silicon Valley, but the legendary developer is still going strong in the East Bay.

Two weeks after the company sold a 5.3 million square foot Silicon Valley portfolio for $1.1 billion to RREEF, the San Francisco real estate division of Deutsche Bank AG, Peery Arrillaga has applied to build a new 118,000-square-foot biotech building in Ardenwood Business District in Fremont.

The building will be at 6750 Dunbarton Circle and the developer is telling city officials that the structure is being built on spec, according to Lori Taylor, economic development manager for the City of Fremont.

Peery Arrillaga and Sobrato Development Corp. have built more than 1.1 million square feet in buildings and campuses in the Ardenwood Business District, home to a cluster of 10 life science firms.
Star attorney moves on

High-powered real estate attorney Mary Murphy has left Farella, Braun + Martel to become partner with Gibson Dunn.

The star land-use expert has been a central player in everything from the renovation to the Ferry Building to the Lucasfilm development at the Presidio. Murphy's "practice is very complementary with our land-use practice and will be synergistic with our real estate and environmental practice groups," said Gibson Dunn Managing Partner Ken Doran.

"Mary is a recognized leader in the Bay Area business and political communities and is an exceptionally gifted lawyer," said Fred Brown, Partner in Charge of Gibson Dunn's San Francisco office. "She will be a tremendous asset to our office and to the firm."

Attorney Neil H. Sekhri, a former deputy city attorney who has worked closely with Murphy on land-use projects will remain at Farella.
Consultants switch digs

Barbary Coast Consulting is coasting over to 625 Market St.

The politically agile community relations and government affairs shop has outgrown its space at 201 California St., where it shared an office with Union Property Capital. Barbary will take 2,800 square feet in the penthouse on the 16th floor at 625 Market.

"They're bigger. We're bigger," said Alexander Clemens, the founder of Barbary Coast. "We're decamping to 625 Market where we'll have our own space."
City signs on the line

The City and County of San Francisco has signed a 19,544-square-foot lease renewal with Equity Office Properties at One Market St. -- Spear Tower. The City and County of San Francisco of San Francisco has been an Equity Office customer since 1993.

While renewals are not sexy, in 2005 they accounted for nearly 42 percent of the deals signed in San Francisco by EOP, according to Mark Geisreiter, senior vice president of EOP's San Francisco region.

EOP was represented in-house by Rob Elia, leasing representative.

"Renewals represent one of the most gratifying types of leasing activity for landlords because they reflect tenant satisfaction," said Geisreiter.
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Old May 20th, 2006, 11:02 PM   #8
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I added some links.

I know there are a lot more projects especially in Oakland. If you know any that aren't list, don't be afraid to post it in here.
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Old May 21st, 2006, 12:26 AM   #9
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Someone should post the pics of proposed, under construction ect. like was on the old thread.
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Old May 21st, 2006, 12:45 AM   #10
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EDIT: already posted
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Old May 24th, 2006, 07:47 AM   #11
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S.F.'s colleges consider building a dorm to share
San Francisco Business Times - May 19, 2006
by J.K. Dineen

From green rooftops to razor-thin residential downtown highrises, San Francisco seems to be taking many of its development cues from Chicago these days.

Now another Chicago idea may take root here: the superdorm.

The superdorm is a communal housing facility for students from multiple schools that lack the endowments or land to build their own. The nation's first superdorm, the University Center in downtown Chicago, has 1,720 beds and houses students from the three institutions: DePaul University, Roosevelt University and Columbia College.

Kenneth McHugh, the University Center developer, last week came to San Francisco to meet with housing advocates and college officials. He talked about the concept to the San Francisco Planning and Urban Research Association and to the Housing Action Coalition. He said San Francisco is ripe for a superdorm.

"I think the potential is very good for San Francisco schools to come together and make something happen," said McHugh.
Many schools interested

Housing Action Coalition Director Tim Colen said a dozen institutions here, including the California College of Arts and Hastings College of Law, have expressed interest in the concept.

"It's a gorgeous system for schools that don't have money to spend outside of their core missions," said Colen.

Participating schools would divide up ownership shares in a nonprofit, based on how much housing each needs, and jointly issue a tax-exempt bond to pay for it. The $150 million bond used to develop University Center received an investment grade bond rating from Fitch, according to McHugh.

The 17-story University Center is organized in both traditional two-to-a-room dorms for younger students, and apartment-style suites for juniors, seniors and graduate students. Students pay $800 a month in rent through their respective schools.

Dorms don't pencil

David Meckel, a director of research and planning at California College of the Arts, said the 1,600 student school houses 250 students in the East Bay but none in San Francisco.

"We have been unable to get a San Francisco housing project to pencil out. I've tried eight or nine times," said Meckel.

Meckel said he is intrigued by the superdorm concept, but skeptical that the city's political climate would allow it. In Chicago, the city donated a parcel of land worth an estimated $15 million and approved all permits in less than a year. He called students an "invisible constituency not at the table when zoning law is set" in San Francisco.

"The thing that is being missed is that if we don't have adequate student housing it displaces families," he said. "For me the argument is how could the city take advantage of the intellectual capital students bring while not knocking out the critically low supply of family housing."

Brandon Baunach, designer at David Baker + Partners Architects, said buzz about superdorms has been growing since Proposition A, a $200 million bond for transit-corridor housing, failed in 2004. He said the next step would be to survey the housing needs of all the city's higher educational institutions.
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Old May 24th, 2006, 07:51 AM   #12
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Developer seeks partners for two approved Rincon Hill projects
San Francisco Business Times - May 19, 2006
by J.K. Dineen

Jackson Pacific Ventures is in the market for development partners on two key Rincon Hill projects: One Hawthorne St. and 45 Lansing St.

JPV is a company founded by publicity-shy developer Ezra Mersey, a former managing director of Tishman Speyer. Mersey's third development, 340 Fremont St., is a joint venture with Archstone Smith.

"JPV is an entrepreneurial company. We grow with strong investment partners, who are focused on high-quality, infill highrise housing," said Mersey.

Tony Crossley of Colliers International is managing the process on 45 Lansing and Michael Joseph of Kearny Capital is handling One Hawthorne.

"We believe in the long-term attractiveness of San Francisco, with its unique environment and culture," said Mersey. "We intend to keep a substantial investment in each of our projects, and maintain our presence in the community."

Mersey, a former architect, had received accolades from the Planning Department's Senior Planner Craig Nikitis and Director Dean Macris for the design of 45 Lansing. Mersey is working with EHDD Architecture on the design.

Mersey said JPV has "received substantial expressions of interest from potential partners" on 45 Lansing.
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Old May 26th, 2006, 01:31 AM   #13
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Proposed SoMa tower could be tallest building on West Coast

Quote:
If you've ever wanted to look down on the Transamerica Pyramid, stick around San Francisco for a few years and you might get your chance: City planners say it's time to make room for a new tower of at least 1,000 feet that could be the West Coast's tallest building.

The proposal was presented this morning to the Transbay Joint Powers Authority, a city agency that seeks to build a new transit terminal south of Market Street. Planners want to raise heights near the terminal site to allow two towers as tall as the 853-foot Transamerica Pyramid -- and a third that would rise at least another 150 feet.

The high-rises would also generate money for the transit terminal, with revenue from land sales and property taxes being steered to the transit terminal.

City planners say that with new residential towers being built between Mission Street and the Bay Bridge, there's a new spot for a few extra-tall towers to finish the picture and create a distinctive peak on the skyline.

"We're looking at a trio of towers around the Transbay center that would mark a new center of downtown," said David Alumbaugh, a senior urban planner at the San Francisco Planning Department.

Officials stressed that today's presentation is only a starting point for discussion. A formal planning study and a full environmental impact report would be needed before any zoning changes could occur.

"We want to start the discussion of changing the rules," city Planning Director Dean Macris told the Transbay board. "We want to stretch and raise the imagination of the public."

At present, the tallest building on the West Coast is the U.S. Bank Tower in Los Angeles, at 1,018 feet.



Renderings (albeit poor) included in the article:
http://www.sfgate.com/cgi-bin/articl...GI1J27K511.DTL
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Old May 26th, 2006, 02:20 AM   #14
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I don't know about those renderings, they seem out of place in the skyline.
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Old May 26th, 2006, 03:36 AM   #15
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Quote:
Originally Posted by Robert Stark
I don't know about those renderings, they seem out of place in the skyline.
Why? because you're from L.A.? those towers fit in great, it would be good to see library replaced.
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Old May 26th, 2006, 06:42 AM   #16
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That would be really awesome. One 1000 footer and two 800+ footer.
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Old May 26th, 2006, 06:58 AM   #17
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I have a feeling at least one of these towers will be built.
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Old May 27th, 2006, 04:34 AM   #18
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Quote:
Originally Posted by Robert Stark
I don't know about those renderings, they seem out of place in the skyline.
yah if it had said "will be 2nd talest building on west coast" you'd think it looked nice
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Old May 27th, 2006, 07:44 PM   #19
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Maybe I'm wrong? The towers look strange because the are box shaped, but hopefully they will get a good design, and maybe will be scaled back. They just seem to drarf the rest on the skyline, as well as the iconic tranamerica building.
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Old May 27th, 2006, 08:12 PM   #20
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I love this picture; I can just see those two red colored buildings ultimately becoming really impressive statements on an already impressive skyline. San Francisco is amazing!
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