[Noisebridge-discuss] Viewing 410 Clementina (@5th)

[Andy Isaacson]

Noisebridge members and potential members are invited to view a
potential new space for Noisebridge.

Time: 5:30-6:30 PM Tuesday July 28
Place: 410 Clementina St (at 5th St, between Howard and Folsom)

The building address is 260 5th St; we will be entering on Clementina,
about 60 feet towards 6th St.  If you get to 430 Clementina you've gone
too far.

Please bring a flashlight if you have one -- the mezzanine did not have
working lights on our last visit.

My apologies on the poor timing and tardy announcement.

The space under consideration:
 - is on the ground floor
 - has a roll-up door to a portion of the space
 - has a person-size exit door that can be refitted as our main entrance
   (this is where we're entering Tuesday)
 - has a mezzanine level over a portion of the space
 - does not currently have a reasonable bathroom (there's one on the
   mezzanine) but the owners seem willing to build one to suit
 - is currently part of ~10,000 sqft of space on the first floor, which
   will be divided (exact division TBD).  You'll see an "office lobby"
   area; that is definitely *NOT* part of the space under consideration;
   it'll be used by the new tenant taking the 20,000 sqft up on the
   second floor.

We're currently negotiating the exact $ terms, so I'll leave that part
out of the discussion, but I would like to address a few items regarding
the building ownership and lease:

 - the building is owned by a partnership of CALPERS and a couple of
   local real estate developers.
 - the owners are eventually going to knock down this building and build
   a giant condo project. You can read about it at 900folsom.com.  This
   has been completely derailed by the housing crash, and it will be at
   least 3 years before they can proceed, in my estimation.  I've heard
   other estimates of 10 years.
 - therefore, they do insist on a demolition clause in the lease,
   allowing them to terminate the lease prematurely to knock the
   building down and build condos + affordable housing.  Note that
   virtually all commercial leases have termination clauses, either
   explicit or implicit -- if the landlord wants you out, it's a
   question of when, not if, you're going.  We're going to suggest a 120
   day notice period to give us some time in the event that this does
   happen during our lease term.
 - the same owners also have the Burlington Coat Factory and former Cal
   Academy of Sciences buildings across 5th St.  There is an on-site
   building engineer at the BCF building who knows the history of this
   building.

-andy