The southeastern waterfront from Mission Bay to Hunters Point is poised to see 17,000 new housing units and millions of square feet of commercial space built in the coming decades. What will $13 billion in new investment mean for these neighborhoods?
The five-mile stretch of San Francisco’s southeastern waterfront between the Giants’ current and former homes – AT&T Park and Candlestick Point – is a window into both the city’s industrial past and development future.
Go south from Mission Bay and hang slightly east of the Dogpatch, Potrero Hill and Bayview neighborhoods, and you’ll stumble upon rundown ship-repair sheds, crumbling port docks, towering power-plant steam stacks and even hidden wildlife treasures.
With a little imagination, maybe you can picture what seven recent waterfront proposals add up to: a new basketball arena, more than 17,000 housing units, 6 million square feet of office and manufacturing space, 2 million square feet of retail and 50 acres of public parks. The $13 billion worth of projects — a conservative estimate — will get delivered over the next 10 to 15 years if all goes according to plan.
“We’re building whole new neighborhoods in San Francisco,” said Lou Vasquez, managing director of the developer Build Inc., which unveiled a dramatic proposal for a $200 million project with 980 housing units on 14 acres at India Basin earlier this year.
Read more: San Francisco Business Times’ San Francisco Structures 2015 San Francisco’s new development frontier: The southeastern waterfront (Video)
Kofi Bonner of Lennar Urban is spearheading the redevelopment of the Shipyard at Hunters Point.