San Francisco Developments Will Reshape Shoreline
Several San Francisco developments will reinvent the city’s waterfront and create more housing, office, retail, light industrial and recreational areas. Here’s a look at some of the upcoming developments, many of which will be discussed at Bisnow's San Francisco Future of Waterfront event Oct. 20.
The San Francisco Shipyard and Candlestick
Players: FivePoint Holdings (a spinoff of Lennar Corp)
Number of Housing Units: 12,000
Office/Commercial: At least 5M SF
Retail: 1M SF
The first phase of The Shipyard, partial rendering above, includes 400 homes, with 110 already occupied, and another 500 planned for completion by 2020. A second phase will start next year, adding over 4,275 homes by 2027. Phase 2 will also develop 5M SF of office, life sciences and R&D space with leasing beginning early next year through Cushman & Wakefield. Working studios and exhibition space will be available for 300 artists.
Both The Shipyard and Candlestick developments will total 760 acres and provide 350 acres of protected open space, a 300-slip marina, 12,000 homes, 1M SF of retail and a 200-room hotel.
Historic Pier 70
Players: Orton Development and Port of San Francisco
Office/Commercial: ~373k SF
The 18-month restoration project of Historic Pier 70 includes the renovation of eight historic buildings to create office and industrial space for light industrial, technology, life sciences, office, commercial, art studios and showrooms, and residential and restaurant uses. The project already has leased space to Restoration Hardware and Tea Collection. The project is expected to be completed next year.
Pier 70 Waterfront
Players: Forest City and Port of San Francisco
Number of Housing Units: 1,100-2,150 with 30% affordable
Office/Commercial: 1M-2M SF
Retail/Other: 450k SF retail, light industrial and arts space
Forest City’s 28-acre mixed-use Pier 70 project, expected to begin in 2017, will rehabilitate 250k SF of historic buildings, create nine acres of waterfront park, and provide light manufacturing and artist studios, such as in rendering above.
Treasure Island & Yerba Buena Island
Players: Lennar Corp and Stockbridge/Wilson Meany with Skidmore, Owings & Merrill as master architect
Number of housing units: 8,000 with 2,000 affordable
Office/Commercial Space: 300k SF
Retail: 200k SF
Construction began earlier this year on infrastructure for Yerba Buena while construction at Treasure Island, the island built for the 1939 Golden Gate Exposition, will begin in September. The mixed-use development will include 300 acres of parks. Treasure Island will host a residential neighborhood east from Clipper Cove with views of the Bay Bridge and East Bay Hills. A second residential community on Yerba Buena will be built on existing development around the top of the island.
The projects on Treasure Island and Yerba Buena Island recently received LEED-ND Platinum Plan Certification, the highest rating for green, sustainable development, making Treasure Island one of the largest plans to score this level of LEED certification.
Players: Build with Skidmore, Owings & Merrill; Bionic Landscape Architects; and Gehl Studios
Number of housing units: 1,240 with 150 to 200 affordable homes
Commercial: 196k SF
The mixed-use project at 700 Innes Ave is expected to begin construction in March 2018, and will add 196k SF of commercial, 5.62 acres of open space, 1,800 parking spaces and 1,240 bike spaces. BUILD also has an alternative plan to include significant commercial space depending upon demand.
Learn more about these and other projects at our San Francisco Future of the Waterfront event Oct. 20 at The Fairmont Hotel.