The Port of San Francisco announced in January that six parties submitted Pier 70 development proposals by the recent deadline.
The Port offered this real estate opportunity after three years of community planning, which resulted in the Pier 70 Preferred Master Plan. Development teams led by the following parties submitted responses: Build Inc.; Forest City Development California; Mission Bay Development Group; San Francisco Waterfront Partners; TMG Partners; and United States, Department of Veterans Affairs, San Francisco Medical Center.
The Master Plan, which has widespread public support, comprehensively outlines all the elements of the plan including new development, historic preservation, and the creation of waterfront open space, while preserving a 17-acre ship repair operation, including the largest floating dry-dock on the west coast of the Americas. Review of the submissions will evaluate which developers are qualified, through experience and financial capacity, to meet the goals established in the Master Plan.
“Interest in Pier 70, and the waterfront as a whole, has escalated in recent months,” said Port Executive Director Monique Moyer. “Prospects of the 34th America’s Cup, the permanent closure of the Potrero Power Plant, the San Francisco Giants winning the 2010 World Series and Salesforce.com’s acquisition of nearby parcels at Mission Bay, are all harbingers of success for Pier 70.”
“The development teams that submitted proposals have substantial experience in waterfronts, historic preservation and job creation,” said Project Manager Kathleen Diohep. “The Port is excited by the response and anticipates selecting a developer and entering into a development agreement by the end of 2011. With a strong development partner, the Port is poised to bring additional investment and job creation to the eastern part of San Francisco, while maintaining the historic nature of Pier 70,” she added.
Port staff is evaluating the six Pier 70 proposals and will seek direction from the Port Commission in March 2011. The developer selected through this process will work with the Port to develop the waterfront site and secure approvals for the redevelopment of the entire 69-acre Pier 70 area. Pier 70 includes 40 historic buildings that have been recommended to be placed on the National Register of Historic Places. Future plans also include waterfront parks, offering access to the bay as part of the Blue Greenway open space system.
In 2008, San Francisco voters overwhelmingly endorsed Proposition D to streamline the entitlement process and allow the Port to access funds to facilitate development of Pier 70. The Port of San Francisco is an enterprise agency of the City and County of San Francisco that oversees a broad range of maritime, commercial, and public-access facilities along the City’s waterfront that are held in public trust for the people of San Francisco.
To view the Pier 70 Master Plan or other site-related documents please visit: www.sfport.com/pier70.
