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Forest City scores final approval for $2 billion, 28-acre Pier 70 redevelopment after a decade of planning

After about a decade of planning, developer Forest City Realty Trust Inc. (NYSE: FCE.A) finally scored approval for its massive Pier 70 overhaul that could bring up to 2,150 new homes, 1.75 million square feet of commercial office, and up to 445,000 square feet of retail, light industrial and arts space on 28 acres. The total cost of the project, including infrastructure and public benefits, is estimated at around $2 billion. The San Francisco Board of Supervisors unanimously approved the project…

Article by Blanca Torres (c) San Francisco Business News - Local San Francisco News | The San Francisco Business Times - Read full story here.