As we first reported last year, the Yellow Cab Cooperative of San Francisco has been offering to sell its six-acre headquarters at 1200 Mississippi Street for $16,000,000 and deliver it vacant. And while we didn’t have the official word on what the next move for the Cooperative might be, the Cooperative’s President and General Manager quickly chimed in:
“Yellow Cab Cooperative of San Francisco is alive and well. Because we have grown from 300 cabs to almost 600 cabs and growing, we are looking for a larger facility or we will build a parking garage at 1200 Mississippi Street. For that reason, we put out a feeler to see if there is interest in purchasing our existing property.
We are embracing all the new technology with new Apps and a growing fleet to better respond to our high demand. We are aligning ourselves to be not only bigger but better in 2014!”
While nothing official has been announced, the Cooperative appears to be abandoning the sale and has recently submitted new plans to build a four-story garage for 483 cars on the 1200 Mississippi site and reconfigure their existing lot to accommodate an additional 225 cars for a total of just over 700 spaces.