Kilroy Realty and San Francisco Wholesale Flower Vendors Unite to Support San Francisco Flower Mart Central SOMA Project in Advance of Planning Commission Hearing July 18th
Kilroy Realty Corporation (NYSE: KRC) and San Francisco’s wholesale flower vendors today reaffirmed their conceptual agreement to guarantee that a new Wholesale Flower Market will be built in San Francisco, either as part of KRC’s proposed San Francisco Flower Mart office and retail project at Sixth and Brannan, or at another location in San Francisco, to be determined by the San Francisco Flower Mart Tenants Association, which represents the wholesale vendors. This updated agreement between KRC and the vendors comes as the San Francisco Planning Commission gets ready to consider approval of KRC’s San Francisco Flower Mart Central SoMa project on July 18th.
“This partnership represents five years of negotiations and guarantees that the Wholesale Flower Market will always have a permanent home in San Francisco, which has been our goal from day one. The vendors wanted the option to choose the permanent location, so that is what we are giving them. We’re excited both for their future and the future of Central SoMa that the Flower Mart Project represents,” said Mike Grisso, Senior Vice President at KRC.
“Given the major changes planned for our current South of Market neighborhood, we have asked for an agreement with Kilroy Realty that gives us the option to move to a new location in San Francisco, if we elect not to return to Sixth and Brannan,” said Vance Yoshida, President of the San Francisco Flower Mart. “We are very grateful for Kilroy Realty’s responsiveness to guarantee we have the new permanent home we need in San Francisco.”
“After five years, and countless meetings with Kilroy Realty, members of the Board of Supervisors, the Mayor’s office and the community, we are close to an agreement that will provide a state-of-the-art wholesale floral goods market in San Francisco, which will maintain the visibility of our members’ businesses, the jobs of their employees, and the convenience for their customers,” said Louie Figone, President of the San Francisco Flower Mart Tenants Association. “We strongly support the Flower Mart Project because it will allow us to turn our vision for a new permanent home in San Francisco into reality.”