Mike Rosenberg @RosenbergMerc
Joe Montana announces deal w/ Dolphins owner's Related Development on stalled project across from 49ers stadium (he lost old partner in Dec)
Mike Rosenberg @RosenbergMerc
Here's the background on Golden Joe's project, which was supposed to be open by now but now won't be ready for years http://www.mercurynews.com/49ers-st...tanas-project-across-from-49ers-levis-stadium …
Ross is a busy man. Here are the details on the project, if anybody is interested.
The Hall of Fame quarterback is pushing back construction of his $400 million hotel, sports bar, retail and office project across from Levi's Stadium again, the second significant delay in as many years. Montana has lost his development partner, according to a person close to the deal, while questions continue to swirl about how the 49ers -- who currently have parking dibs to the land Montana is trying to develop -- will be compensated for losing stadium parking spots.
http://www.mercurynews.com/49ers-st...tanas-project-across-from-49ers-levis-stadiumThe developers of that mega-project, a multibillion-dollar company called Related that is led by Miami Dolphins owner Stephen Ross, are now taking on a bigger role coordinating with Montana on their adjacent developments. It comes as Montana's previous development partner, seasoned Lowe Enterprises, is said to have recently dropped out of the project, though it's unclear if Related will step in as Montana's new co-developer.
Related, which has a much bigger and more complicated development than Montana's and began the planning process two years after him, has nonetheless progressed past the stalled Montana project in the city's planning process and could begin construction first.