today, i have hollywood was with landmark representing cbs, scott rutherford with cbs, who is the district manager, doug with trader joe's, and our land use counsel, if there are any questions following our presentation. a few key points about the project -- this is a renovation of an existing building. in all of our major interactions we had with the neighborhood and stakeholders over the years, the overwhelming concern was the loss of the grocery store and the substantial inconvenience associated with the downtime of redeveloping the site. after supervisor cju -- chu work with us to successfully get the previous owner to extend their lease, we were able to put together a project with the combination of trader joe's and cvs. this took almost two years of lease negotiations, construction documents, and permitting. this is a single application, and the substantial costs of renovating, in addition to the tenant improvements, are being financed by the tenants. the project works with both, not one. we believe the project itself is a high-quality replacement grocery store and a high-quality dru