FACILITIESPENDING

City Approves Rent Forgiveness for New Asia Restaurant

The City proposes to partially forgive about $1,172,500 in back rent and reduce monthly rent to $5,000 for the New Asia Restaurant tenancy under Shew Yick Trust One through September 30, 2026. The Director of Property and MOHCD are authorized to take related actions to implement the rent workout.

Status
PENDING
Document date
July 22, 2026
Contract type
FACILITIES
Vendor
Shew Yick Trust One
Agency
San Francisco County · CA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Rent forgiveness of approximately $1,172,500; reduced monthly base rent to $5,000 through September 30, 2026
Contract type
FACILITIES
Contract term
Month-to-month occupancy ending September 30, 2026
Renewal date
2026-09-30
Renewal
Tenancy remains month-to-month but is capped to end on September 30, 2026, with reduced rent of $5,000 and substantial forgiveness of arrears. Future related actions may be taken by the Director of Property and MOHCD under the resolution.
Document type
Agenda
Source document
City and County of San Francisco Budget and Finance Committee Meeting Agenda 2026-07-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by San Francisco County?

Shew Yick Trust One was awarded this facilities contract by San Francisco County, as recorded on July 22, 2026. The contract value is Rent forgiveness of approximately $1,172,500; reduced monthly base rent to $5,000 through September 30, 2026.

How much is the Shew Yick Trust One contract with San Francisco County worth?

The Shew Yick Trust One contract with San Francisco County is valued at Rent forgiveness of approximately $1,172,500; reduced monthly base rent to $5,000 through September 30, 2026, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City and County of San Francisco Budget and Finance Committee Meeting Agenda 2026-07-22 (Agenda), dated July 22, 2026 from San Francisco County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Shew Yick Trust One hold?

Shew Yick Trust One may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Shew Yick Trust One's profile

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