tishman spire is the person who will tell us about. so quickly carl is responsible for the portfolio in the san francisco bay area, which is really the whole garet greater bay area and was closely involved in two signature projects over seeing the development of the infinity, 650-unit condominium project and 555 mission, which is the 55,000 square feet building already bottle. and now tishman spire has started construction on the fourth and final building, and the company has two more projects lined up. another 650 units of residential towers at 201 folsom and other office tower at 222 2nd street. so to give us his perspective on the market and the future, please welcome carl shannon. [ applause ] >> good morning. thank you mary. what an amazing opportunity to be here. today i live here with my family and raising two young daughters in san francisco.uf for those who don't know me, i am not a religious person. but i think we should all take a moment and say a prayer of thanks for the environment we live in. for all of us who touch bay a

so as we look at this from tishman speyer's perspective, how do we capitalize on this? what do we do? the first thing we do is build housing. mayor brown newsom and lee have done a great job in getting more housing in san francisco and we at tishman speyer have tried to capitalize on this. is this our first high-rise residential project in the project. it's a 650-unit project, the infinity, which was delivered in 2008-2009, arguably the worst timing we could have thought up for building a major condominium project. yet that project is completely sold out. it was a strong financial success and there are a thousand people living in these buildings today who call san francisco home. this is a thriving community south of market. given the recovery, we hope to repeat this starting next year with our project across the street at 201 folsom. this is another 650-670 units to be built on the south side of folsom between main and beale. we're also proud of the fact that through our commitment to the board of supervisors, that for both of these projects, we said yes, we will make

tishman spire is the person who will tell us about. so quickly carl is responsible for the portfolio in the