The last time we heard news about the long-delayed and super-luxury Mexican Museum Tower, it was planning to break ground in summer of 2015, but the site still sits dormant today. Now, the San Francisco Business Times reports that the $500 million building will begin construction in March. Building permits have officially been filed for the four-story museum and up to 190 condos by developer Millennium Partners.
Units in the building are expected to average a huge 2,700 square feet and fetch more than $2,000 per square, meaning that $5 million average units are possible. The project was plagued by lawsuits and protests for years—led by neighbors at the luxury Four Seasons tower—but an agreement has now been reached. Developer Millennium has agreed to pay $100,000 in street improvements. The building is expected to be finished by early 2019.
· Mexican Museum Tower to Finally Break Ground Despite Suits [Curbed SF]
· After 10-year wait, $500 Million Mexican Museum Condo Tower in S.F. to Break Ground by March [SF Business Times]
Loading comments...