According to J.K. Dineen, “Archstone-Smith is pushing forward with plans to raze the corner retail element [of Fox Plaza] and replace it with a 250-unit flatiron-style condo building.”
The planned wedge-shaped terra-cotta and glass 120-foot structure, with retail, would replace the low-slung building that houses Starbucks and a stationery shop, according to Presidio Development Partners President Mark Conroe, who was retained by Archstone-Smith to obtain city approvals for the residential development and sell off the office part. The new building would cost about $150 million based on current construction costs.
HellerManus has been tapped for the design (which will “speak to the energy level of the Civic Center area”) and the current 446 renal apartments (and 550-car garage) will remain in place.
∙ Fox Plaza to replace retail with condos [Business Times]