As we first reported last year, plans to raze 46,000 square feet of the 135,000 square foot Flower Mart and build a pair of office buildings rising up to 160 feet at the corner of Sixth and Brannan have been submitted to Planning.
Kilroy Realty Corporation has since agreed to purchase all the outstanding shares of the San Francisco Flowers Growers’ Association for $27 million, the only material asset of which is anticipated to be the western 1.9 acres of the San Francisco Flower Mart site.
While the aforementioned plans submitted to Planning did not include replacement space for the Flower Growers and Mart, according to the Chronicle, Kilroy Realty says it will incorporate the market into its plans.
“Our first charge to (architect) SOM was first, let’s find a way to make this project work economically and second, let’s preserve the Flower Mart for the long term,” said Kilroy Realty Chairman and CEO, John Kilroy.
Once again, while the current Flower Mart site is currently zoned for development up to 55 feet in height, it could soon be up-zoned as part of the City’s Central SoMa Plan, but San Francisco’s Planning Department isn’t recommending the parcel be up-zoned for a height of beyond 85 feet.