A fast-food restaurant in S.F. has been eagerly awaited for years. Is it finally opening?

In San Francisco, whose dining scene twinkles with Michelin stars, the most anticipated restaurant opening of the year is not a new Italian trattoria in the Ferry Building. Nor is it a high-end Cantonese spot debuting in Hayes Valley.

The restaurant the city can’t stop obsessing over is a location of a fast-food chain above a sunken concrete plaza on a beleaguered stretch of Market Street.

A San Francisco outpost of Jollibee, the massive Filipino chain, is now four years delayed. It’s due to cost over $1 million in construction, according to city estimates. And its opening — or lack thereof — has been scrutinized as an indicator of the recovery of downtown San Francisco…

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