In S.F., there's more to mixed-use than adding a Whole Foods to apartment buildings. The new age of development will include more and more of these multi-use projects, forever changing the landscape of the Bay area. Hear from top players in the space at Bisnow's first-ever S.F. Mixed-Use Summit at Hotel Nikko on Aug. 18, starting at 7:30am.
Among our speakers will be Universal Paragon senior director Jonathan Scharfman, who is charged with redeveloping former Schlage Lock sites next to the Bayshore Caltrain station in S.F. It's made up of 20 acres and 1,679 housing units and a neighborhood retail center anchored by a full-service grocery store. All approvals are in place and construction is set to begin in early 2016, with the first phase including 568 units. The first occupancy will occur in 2018. He's also working on the adjacent redevelopment of former rail yards in a project known as Brisbane Baylands. It's a 600-acre site that UPC envisions as a Mission Bay 2.0.
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Here's a rendering of one mixed-use project arriving: the 1,679 unit TOD site at Bayshore Caltrain Station in Visitacion Valley.
One reason both these sites are worth having patience over is these are transformative legacy projects. (Here is Jonathan with his son at an 80s fundraiser for Peninsula School.) He predicts they will attract the level of institutional investment required to transform former industrial sites to productive places for people to live, work and play. These mixed-used projects are large and complicated multi-stakeholder endeavors, he says, that require patient capital and flexibility to respond to evolving market conditions. Hear more from Jonathan and the rest of our all-star panelists at Bisnow's first-ever S.F. Mixed-Use Summit at Hotel Nikko on Aug. 18, starting at 7:30am. Sign up here.
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