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September 16, 2007
News Highlights of the Week: September 8 – September 14, 2007
Architectural Record reports that, in an odd twist, Forest City entered the low bid on a project - and lost! Clearly San Franciscans can't do math like the MTA can do math...
Although board members of the Transbay Joint Powers Authority are not scheduled to vote until next week on three proposals for a 40-acre transit hub and skyscraper in downtown San Francisco’s South of Market district, a jury advising the board came out in favor of the scheme by architect Pelli Clarke Pelli and developer Hines. The jury deemed this proposal superior “on all counts—aesthetics and functionality as well as economics,” the San Francisco Chronicle wrote on September 10, adding that Hines is offering a whopping $200 million more for the development rights than its rivals. Placing second was the scheme by Rogers Stirk Harbour + Partners and Forest City, which offered $145 million, and third was Skidmore Owings & Merrill / Rockefeller Development Group, offering $118 million. While the Transbay board pledged to value public input—which, as RECORD reported last month, has been substantial—the Chronicle noted that “the jury’s emphatic endorsement of the Hines-Pelli team suggests that it will be a hard choice to overturn.”
Posted by amy at September 16, 2007 10:45 AM