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Stock impact report

Proposed high-rise residential tower in San Rafael would be tallest building in city [CBS News]

ACCOR SA SPNS/ADR (ACCYY) 
Company Research Source: CBS News
Meanwhile, residents say that what could replace an empty office building, which sits off the 101 Freeway in San Rafael at 700 Irwin Street, will worsen already heavily congested traffic. Will Karnofsky operates a mobile knife-sharpening service in a nearby grocery store parking lot. "I tend to look at the challenges of my day, which are more directed around travel," said Karnofsky Karnofsky said he isn't sure whether a proposed 17-story residential high-rise with 200 units and commercial space makes sense. But he also sees the benefits of more foot traffic for small businesses. "There's always an advantage to having more population in a condensed area," said Karnofsky. The building will be 180 feet tall, more than three times the height of the existing vacant office building. That doesn't sit well with San Rafael resident Terry Notary. "We only have so much space, and now they're going to start going up. That's going to make it more and more crowded all the time. I just d Show less Read more
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