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May 4, 2007
$100M Apartment Project Planned at Former San Fran Army Base
CPN News Online
By Barbra Murray
Once home to operations of the U.S. Army, the now decommissioned Presidio military base in San Francisco (pictured) is being redeveloped and a new apartment community will be part of the effort. Forest City Enterprises Inc. has inked a deal with the Presidio Trust, manager of the former base, to develop an approximately 161-unit rental property at a cost of about $100 million.
Forest City is known for its redevelopment of historic facilities, and will apply its skills at the Presidio project.
NoLandGrab: Meanwhile, back in New York City, Forest City is known for destroying historic facilities.
Posted by lumi at May 4, 2007 7:38 AM