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Jamestown, developer of the Chelsea Market in NYC and Ponce City Market in Atlanta, plans to redevelop San Francisco's Pier 29. The proposal envisions converting the 20k SF Bulkhead Building into a retail center.
The company will negotiate with the Port this summer and likely sign a 15-year lease in October, SocketSite reports. Redevelopment work would begin in November.
The developer's proposal addresses Millennial preferences and sensibilities. The space would sell locally made products and might feature a craft brewery or coffee “roastery.”
Successfully redeveloping oceanfront property such as a pier involves carefully coordinating with city officials, the community and potential clients. Lendlease's West Coast head, Alexa Arena, previously told Bisnow creating a common vision in these projects is absolutely essential for creating vibrant communities. [SS]
