Well, no news on the Whole Foods Markets in San Jose, but I did see something in the San Francisco Business Times about a Whole Foods project in SF being scrapped.
The developer of a combined Whole Foods Market and housing development in SF (Haight & Stanyon) has scrapped their plans citing the economic downturn and high city fees.
Apparently, the developer would have to pay between $5 - 6 million in city fees to pull the permits for the development, which was to consist of a 34,000 sf Whole Foods Market and 62 apartments. Ouch!
It probably didn't help that the entitlement process took 32 months. Ouch!
Maybe somebody in the South Bay should give the developer a call and see if he wants to do something down here.
Your comments are always appreciated. Thanks for reading.
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