View Single Post
Old Posted May 14, 2019, 6:09 PM
Pedestrian's Avatar
Pedestrian Pedestrian is online now
Registered User
Join Date: Dec 2016
Location: San Francisco
Posts: 16,389
TMG and partner jump into waterfront megaproject, will propose over 200 units
By Fiona Kelliher – Real estate reporter, San Francisco Business Times
May 9, 2019, 2:41pm PDT Updated May 9, 2019, 8:21pm EDT

In February, (TMG Partners and Presidio Bay Ventures) acquired a 1.5-acre site called Parcel K North, on the corner of Illinois and 20th streets, with the goal of building up around 250 units there.

The team's project could be among the first residential developments to break ground, said Christine Maher, the port’s development project manager for Pier 70. Next week, the company will put forth an official proposal for the site.

Under the master plan, the developers can propose up to about 260,000 square feet of residential space, along with about 13,000 square feet of retail and commercial space. That would translate to somewhere between 240 and 270 condos.

At the same time, Brookfield has approvals for a 275-unit rental building and is also moving ahead on Building 12, a public marketplace that will host makers and manufacturers. The company plans to break ground on those sites by the end of the year, plus three more buildings in 2020. Brookfield could ultimately build out thousands of units over its parcels; the overall Pier 70 plan calls for up to 3,000 units, of which Brookfield will complete the majority . . . .

A reminder of the overall Pier 70 layout (from above). This project, at Illinois and 20th, is in the upper left corner.

Reply With Quote