Something to Chew On- 401 Market St.

Conflict is often the catalyst for clarity.

In research and debate, differing opinions act as a form of “price discovery,” helping us weigh the actual value of an idea. Without resistance, our thoughts remain soft and untested. It’s harder to explore and to follow. However, by finding the boundaries of a topic, we gain the structure necessary to piece together something truly creative and fulfilling.

Information is only the starting point. The real work lies in the exchange.

Applying this to our downtown office district:

The old Wells Fargo building at 401 Market St. provides an opportune example of conflicting thoughts within our current commercial real estate landscape.

Having recently paid off it’s loan of something like $50 million dollars, the owners of this building are setting a different estimation of value than numerous buildings which have sold for far less. A definite zag if there ever was one!

It is unclear what path the landlord is planning for the property, but I am intrigued to understand their thinking. Will it work?