U.S. Markets closed
  • S&P 500

    4,297.14
    +16.99 (+0.40%)
     
  • Dow 30

    33,912.44
    +151.39 (+0.45%)
     
  • Nasdaq

    13,128.05
    +80.87 (+0.62%)
     
  • Russell 2000

    2,021.35
    +4.73 (+0.23%)
     
  • Crude Oil

    88.89
    -3.20 (-3.47%)
     
  • Gold

    1,795.70
    -19.80 (-1.09%)
     
  • Silver

    20.23
    -0.47 (-2.26%)
     
  • EUR/USD

    1.0164
    -0.0094 (-0.9147%)
     
  • 10-Yr Bond

    2.7910
    -0.0580 (-2.04%)
     
  • Vix

    19.81
    +0.28 (+1.43%)
     
  • GBP/USD

    1.2054
    -0.0084 (-0.6943%)
     
  • USD/JPY

    133.3000
    -0.1800 (-0.1348%)
     
  • BTC-USD

    24,028.62
    -257.27 (-1.06%)
     
  • CMC Crypto 200

    570.87
    -19.90 (-3.37%)
     
  • FTSE 100

    7,509.15
    +8.26 (+0.11%)
     
  • Nikkei 225

    28,871.78
    +324.80 (+1.14%)
     

Developer said to be backing away from SoMa tennis club redevelopment

·4 min read
Developer said to be backing away from SoMa tennis club redevelopment
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Earlier this year, heavy machinery leveled the Bay Club S.F. Tennis facility in SoMa, but vertical construction on a 1.2 million-square-foot mixed-use project slated to rise in its place has not started. Now sources say developer Alexandria Real Estate Equities (NYSE:ARE) is marketing the property at 88 Bluxome St. for sale. Speaking on the condition of anonymity, a source with knowledge of Alexandria's strategy told me that the developer is in "best and final" — meaning that all potential buyers have been asked to submit one last offer without further negotiations.