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Joe Cassidy's 113-Unit Upper Market Project Is In A Bit of Trouble

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And just when the 113 residences at 1844 Market St. started seeing some movement again: last Friday's SFBT brought news that the development, which was taken under developer Joe Cassidy's wing, is now "up in the air." Again. The development was financed by United Commercial Bank, which was recently taken over by the FDIC (along with Pacific National Bank). Says Cassidy of the new situation: "All bets are off right now. We don't know what is going to happen." Ouch.
· Fallout from bank failures hits Bay Area builders [SFBT]
· ConstructionWatch: Zen Rentals Next to LGBT Center Get Going [Curbed SF]
· Construction Watch: Condos to Cabanas at 1844 Market Street [Curbed SF]