Mission Local reported over the weekend that plans have been submitted to the city that involve destroying the building and replacing it with a big condo complex. And then in the comments section:
Matt Shapiro, co-owner of Elbo Room, here. We are not going anywhere anytime soon…the building owners (close fiends of ours), submitted a proposal (which has to be public), but are not acting on it….I find it funny that no one bothered to check with us before writing their articles. [link]
Soooo, what’s the deal? Nobody seems to have any ideas why a building owner would go through the process of submitting such a proposal and then decide not to act on it.
@missionmission Approvals will take 2/3 years, plus another year for permits & financing. So 2017, maybe. By then we could be in recession
— J.K. Dineen (@SFBIZjkdineen) February 3, 2014