Developer Set To Build Stalled San Fran Condo Tower

Law360, New York (March 29, 2012, 5:06 PM EDT) -- One Rincon Hill, the long-stalled two-building condominium development near San Francisco's Bay Bridge originally proposed in 2005, will finally see its second tower rise over the next few years, developer Michael Kriozere said Thursday.

Construction on the 50-story tower, Phase II of the One Rincon Hill project, is set to begin in June or July and take a little more than two years to complete, Kriozere said. The tower is being developed as a condominium, but units might be rented out at first.

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