. >> i am the chairman of emerald fund, a local san francisco development firm. it is my great pleasure to present for your review and hopefully approval 100 van ness, the old aaa headquarters tower. together with national real- estate advisers, a union pension fund, we are proposing to convert the building from a vacant 400,000 square foot office building into a 399-unit residential project. over the past 35 years, we have been very active in san francisco. we have developed over 20 major projects working in tight neighborhoods. development has always had its side issues, but rarely have i worked on a project like this that has so many positive benefits and so few negative ones. with your indulgence, let me go through some of the benefits of the new project. appearance -- the existing building is ugly. since starting the work on this project almost two years ago, i have literally talked with hundreds and hundreds of san franciscans. very few people like that building. stalinist and brutal as it were just a few of the nicer as it is -- stalinistic and brutalistic

. >> i am the chairman of emerald fund, a local san francisco development firm. it is my great pleasure to present for your review and hopefully approval 100 van ness, the old aaa headquarters tower. together with national real- estate advisers, a union pension fund, we are proposing to convert the building from a vacant 400,000 square foot office building into a 399-unit residential project. over the past 35 years, we have been very active in san francisco. we have developed over 20 major projects working in tight neighborhoods.