of restaurant opportunity at pier 33 1/2 located at bay street and embarcadero to anchor hospitality group l.l.c. and authority to enter into exclusive negotiations with anchor for a lease subject for commission approval. >> jay edwards, senior property manager. i'm here today to follow up on our august 14 presentation, where we made in our staff report where we completed the r.f.p. and heard a presentation from the respondent. they will be available to answer questions, if need be. so we are here today to request authorization to award this restaurant opportunity at pier 33 1/2 to anchor hospitality group l.l.c. and obtain the exclusive negotiations for a new lease. as you recall, this is the site, it's been an ongoing, operating restaurant from many, many years and we're hoping to continue the same use for the site and we've conducted an extensive review of the site and it will require significant capital investment, which anchor hospitality has been prepared to do. and that's in order to not only just get open, but to croat the vision for the new restaurant, which i believe will be called may