Starboard Commercial Real Estate

Alex Popov | November 14, 2005



I'm not one for more government regulation, but discovering a new SF City ordinance made me stop and think.

A client of mine owns several buildings in San Francisco and one building he owns would be an ideal location for a national coffee shop like Peets or Starbucks. One national chain expressed a great deal of interest in this location. However, upon further review, we got "Kyboshed" (shot down) after discovering a "Formula Business Ordinance" that would prevent big chains from coming into the neighborhood.(http://www.newrules.org/retail/sanfran.html)

"San Francisco's formula business Ordinance adds formula businesses to the list of uses that require neighborhood notification under city law. Residents will be notified whenever a formula retail business applies to open in their neighborhood. They will then have the option of requesting a public hearing and subjecting the applicant to a list of criteria."

At first blush this seemed like more red tape, but in fact, I can see the benefit of this Ordinance in ensuring neighborhood diversity and charm. We have already received a lot of interest from other local companies who are willing to pay comparable rent as a national chain.

Posted by: Alex Popov Commercial Sales and Leasing Specialist
Office: (415) 477-8474
Cell: (415) 269-1849
http://www.findcommercialspace.com
Posted 13 years, 7 months ago on November 14, 2005
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