The weekend is nigh. What with elections (and shootings) and all the subsequent infographics and spiders, we’re exhausted. But before we can mainline a can of Tecate and catch up on American Horror Story, we’d like to review the week that was in real estate and development news.
This week (like most weeks) a lot happened in aforementioned beat, and we didn’t cover it all. So, this is our chance (and yours) to review. Consider this a big ole’ ICYMI (“in case you missed it” for those of you who missed the tutorial on that web-speech acronym).
Of particular concern for Mission artisans and local merchants, the Board of Supervisors finally made a decision on the long-brewing amendments to formula retail law (aka chain stores, if you’re new here). Previously, a store would need 11 U.S. locations to be considered formula real estate under city law—this means outright bans in some neighborhoods, and special conditional use hearings in others. Now, it’s 11 locations worldwide.
For those keeping track at home, in the counterfactual alternate universe where this is and has always been the law, here’s how the formula retail law would affect our favorite examples:
- Jack Spade’s numerous international location gets the full bureaucratic heft of formula retail controls (in addition to classic Mission ire).
- Fred Perry (with its nearly 100 global spots) goes through conditional use hearings, fo sho.
- Betabrand still not a chain.
The new law also includes a couple of other changes. Notably, large stores over 20,000 square-feet will have to undego an economic impact report in the approval process. We’re looking at you Target.
According to Curbed, the G word turned 50 this week. From all we can tell, it’s not slowing down in middle age. Socketsite reports another record breaking home sale in the Mission. $4.9 milion. Duh-damn.
A G that won’t make it to its first birthday is the Proposition of the same initial. The tax on real estate speculators, the only substantive measure dealing with housing on the whole ballot, failed. Our offering to the fallen ballot initiative? We put dots on a map.
Even the alleged SilkRoad guy was nervous about his rent going up in this climate. (Truth be told, he probably should have been worried about the FBI):
— Lauren Smiley (@laurensmiley) November 6, 2014
Endangered Species Watch
Photo Epicenter, home of Hamburger Eyes Photo Epicenter closes with a shrug, reports Uptown Almanac.
But a longtime dive is here to stay… at least for a little while. There is a power in an Uptown union, according to Capp Street Crap.
But really, quintuple swoon alert here (Sigh. We miss when they were working hard for the money right across the street from ML HQ):
That’s it for now all. Until next time. This has been Developments in Development. Questions, comments, let us have it: email@example.com