Approved for development in 2009 with a three-year window in which to start building, the developers of the 120-foot-tall, 11-story building with up to 250 residential units over ground floor retail to rise adjacent to Fox Plaza are seeking a two-year extension to break ground “pending future improvements in the national and global economic outlook.”
The new building on the corner at 1390 Market Street would yield 80 studios, 120 one-bedrooms and 50 two-bedrooms. And no new parking would be constructed. In fact, 18 existing Fox Plaza parking spaces would be removed.
With no plans to start construction anytime soon, the extension is expected to be granted.