Mr. Addington is passionate about re-vitalizing the Mid-Market area of town. A Georgia native, he came to San Francisco seven years ago to attend law school, met his wife, and dropped out of law school to begin his involvement in the city's commercial real estate community. He had opportunities to buy properties in the downtrodden mid-Market area, starting with the Warfield Theatre in 2005, and shortly thereafter picked up several other buildings including 988 Market Street and 1028 Market Street. He is the managing partner of Fair Market Partners, LLC. He saw an immediate need to clean up this area, not only for the property owners, but for the local residents, and the thousands of people who visit the Warfield and Golden Gate theatres each year for performances but hasten out of the neighborhood immediately after the shows because the area is dark, dangerous, and devoid of respectable activities, such as any good restaurants.
Addington wrote a complicated measure, but one that will do several things:
- It will create a special sign district that will manage the number and size of the signs that will be allowed along Market St. between 5th and 7th Streets, and is limited to only 52 buildings.
- It will take a portion (20% for buildings devoting ground floor space to local arts activities or displays and 40% for those buildings who don't) to fund local artists and arts education for kids in the Tenderloin.
- It will use part of the money from advertising revenues to assist in cleaning sidewalks and upgrading the two block area to make it safer.
- It will use part of the funds to refurbish and maintain historic buildings and theatres and their marquees to restore the area as the city's Theater District. It would also fund establishing a theatre ticket booth at Halladie Plaza.
For more information, go to www.midmarketarts.com.