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| San Francisco acquires a new neighborhood, Treasure Island |
Real Estate Rama, Government and Public Real Estate News, 5/29/15. "Mayor Lee announces first mayor transfer of Treasure Island/Yerba Buena Island from U.S. Navy to City. Transfer of Land Marks official start to redevelopment of Treasure
Island/Yerba Buena Island to build new homes and transform neighborhood."
.... Plans for the redevelopment of Treasure Island and Yerba Buena Island include the construction of new infrastructure and public facilities, including roads, utilities and the creation of 300 acres of parks and open space. The mixed-use, high-density project will include up to 8,000 homes, 500,000 square feet of commercial, retail and office space, and up to 500 hotel rooms. A new ferry terminal supporting ferry services between Treasure Island to San Francisco will be the cornerstone of the islands' transportation program.
| Ferry Terminal easy commute to SF downtown |
Development on Treasure Island will be concentrated along the western edge of the island looking out towards the City and along the southeastern edge of the island adjoining an expanded Clipper Cove Marina with views of the new eastern span of the Bay Bridge and the East Bay hills. The entire community will be walkable, bikeable and built in accordance with the most current sustainability guidelines." Read more.
San
Francisco, CA – May 29, 2015 – (RealEstateRama) — Mayor Edwin M. Lee
today announced that the City has accepted the transfer of nearly 300
acres of Treasure Island/Yerba Buena Island from the U.S. Navy in
anticipation of the redevelopment that will create 8,000 homes, 25
percent of them affordable, and jobs and parks and open space. The
transformation of the former naval base is one of the most important
development projects in the City’s history.
“The U.S. Navy’s transfer of land to the City marks a major milestone in the redevelopment and revitalization of Treasure Island,” said Mayor Lee. “It’s taken almost two decades to get to this point, and we’re eager to transform this former naval base into a vibrant community with more housing, jobs and economic opportunities for our residents. I thank leaders such as Senator Dianne Feinstein, Democratic Leader Nancy Pelosi, Navy Secretary Ray Mabus, and Lieutenant Governor Gavin Newsom for providing the necessary leadership to undertake this transformative process for our City.”
- See more at: http://california.realestaterama.com/2015/05/29/mayor-lee-announces-first-major-transfer-of-treasure-islandyerba-buena-island-from-u-s-navy-to-city-ID03461.html#sthash.g8UGVJbo.dpuf
“The U.S. Navy’s transfer of land to the City marks a major milestone in the redevelopment and revitalization of Treasure Island,” said Mayor Lee. “It’s taken almost two decades to get to this point, and we’re eager to transform this former naval base into a vibrant community with more housing, jobs and economic opportunities for our residents. I thank leaders such as Senator Dianne Feinstein, Democratic Leader Nancy Pelosi, Navy Secretary Ray Mabus, and Lieutenant Governor Gavin Newsom for providing the necessary leadership to undertake this transformative process for our City.”
- See more at: http://california.realestaterama.com/2015/05/29/mayor-lee-announces-first-major-transfer-of-treasure-islandyerba-buena-island-from-u-s-navy-to-city-ID03461.html#sthash.g8UGVJbo.dpuf
San
Francisco, CA – May 29, 2015 – (RealEstateRama) — Mayor Edwin M. Lee
today announced that the City has accepted the transfer of nearly 300
acres of Treasure Island/Yerba Buena Island from the U.S. Navy in
anticipation of the redevelopment that will create 8,000 homes, 25
percent of them affordable, and jobs and parks and open space. The
transformation of the former naval base is one of the most important
development projects in the City’s history.
“The U.S. Navy’s transfer of land to the City marks a major milestone in the redevelopment and revitalization of Treasure Island,” said Mayor Lee. “It’s taken almost two decades to get to this point, and we’re eager to transform this former naval base into a vibrant community with more housing, jobs and economic opportunities for our residents. I thank leaders such as Senator Dianne Feinstein, Democratic Leader Nancy Pelosi, Navy Secretary Ray Mabus, and Lieutenant Governor Gavin Newsom for providing the necessary leadership to undertake this transformative process for our City.”
- See more at: http://california.realestaterama.com/2015/05/29/mayor-lee-announces-first-major-transfer-of-treasure-islandyerba-buena-island-from-u-s-navy-to-city-ID03461.html#sthash.g8UGVJbo.dpuf
“The U.S. Navy’s transfer of land to the City marks a major milestone in the redevelopment and revitalization of Treasure Island,” said Mayor Lee. “It’s taken almost two decades to get to this point, and we’re eager to transform this former naval base into a vibrant community with more housing, jobs and economic opportunities for our residents. I thank leaders such as Senator Dianne Feinstein, Democratic Leader Nancy Pelosi, Navy Secretary Ray Mabus, and Lieutenant Governor Gavin Newsom for providing the necessary leadership to undertake this transformative process for our City.”
- See more at: http://california.realestaterama.com/2015/05/29/mayor-lee-announces-first-major-transfer-of-treasure-islandyerba-buena-island-from-u-s-navy-to-city-ID03461.html#sthash.g8UGVJbo.dpuf
Mayor
Edwin M. Lee today announced that the City has accepted the transfer of
nearly 300 acres of Treasure Island/Yerba Buena Island from the U.S.
Navy in anticipation of the redevelopment that will create 8,000 homes,
25 percent of them affordable, and jobs and parks and open space. The
transformation of the former naval base is one of the most important
development projects in the City’s history. - See more at:
http://california.realestaterama.com/2015/05/29/mayor-lee-announces-first-major-transfer-of-treasure-islandyerba-buena-island-from-u-s-navy-to-city-ID03461.html#sthash.g8UGVJbo.dpuf
San
Francisco, CA – May 29, 2015 – (RealEstateRama) — Mayor Edwin M. Lee
today announced that the City has accepted the transfer of nearly 300
acres of Treasure Island/Yerba Buena Island from the U.S. Navy in
anticipation of the redevelopment that will create 8,000 homes, 25
percent of them affordable, and jobs and parks and open space. The
transformation of the former naval base is one of the most important
development projects in the City’s history.
“The U.S. Navy’s transfer of land to the City marks a major milestone in the redevelopment and revitalization of Treasure Island,” said Mayor Lee. “It’s taken almost two decades to get to this point, and we’re eager to transform this former naval base into a vibrant community with more housing, jobs and economic opportunities for our residents. I thank leaders such as Senator Dianne Feinstein, Democratic Leader Nancy Pelosi, Navy Secretary Ray Mabus, and Lieutenant Governor Gavin Newsom for providing the necessary leadership to undertake this transformative process for our City.”
- See more at: http://california.realestaterama.com/2015/05/29/mayor-lee-announces-first-major-transfer-of-treasure-islandyerba-buena-island-from-u-s-navy-to-city-ID03461.html#sthash.g8UGVJbo.dpuf
“The U.S. Navy’s transfer of land to the City marks a major milestone in the redevelopment and revitalization of Treasure Island,” said Mayor Lee. “It’s taken almost two decades to get to this point, and we’re eager to transform this former naval base into a vibrant community with more housing, jobs and economic opportunities for our residents. I thank leaders such as Senator Dianne Feinstein, Democratic Leader Nancy Pelosi, Navy Secretary Ray Mabus, and Lieutenant Governor Gavin Newsom for providing the necessary leadership to undertake this transformative process for our City.”
- See more at: http://california.realestaterama.com/2015/05/29/mayor-lee-announces-first-major-transfer-of-treasure-islandyerba-buena-island-from-u-s-navy-to-city-ID03461.html#sthash.g8UGVJbo.dpuf
Note photographic renderings of Treasure Island development. Island from City and County of San Francisco/Treasure Island Development Authority/House and Urban Design. Island Ferry Terminal from the related San Francisco Business Journal article.
Posted by Kathy Meeh
32 comments:
This will make the drive over the bridge much worse.
Wait for Ed Lee to leave office.
San Francisco will be in debt and pension he'll.
But they will have lots of new buildings with carp infrastructure.
Kathy
This will be 100% built out before anything significant happens in Pacifica.
Most of the money made in San Francisco will stay in San Francisco, and the views will be awesome.
653, yeah, SF will build this new neighborhood and two others, while 641 is backed up to SF stuck in traffic.
That's what you can accomplish if you have 300 acres to work with instead of the scraps we have. Wonder if we could get a land transfer from the GGNRA back to Pacifica? Maybe Pacifica could plead a drastic change in circumstances or just plain old insanity.
Nothing will happen in Pacifica. What you see is what you get.
The residents deserve a crappy broken down city.
Serve them right for pitting nimbys and noobees on city council.
Where is Karen Ervin and her grandiose plans for Palmetto?
I believe the Quarry was 300 acres. It was designated a redevelopment zone. A billionaire with a world class vision and a world class architect wanted to develop it. It had room for a frontage road making the highway widening unnecessary
Today, thanks to Lancelle, Digre, Vreeland and deJarnutt and all of their nutty puppet masters its a giant dog shit park.
Thanks geniuses.
"Where is Karen Ervin and her grandiose plans for Palmetto?"
The $1.2 million from the capital improvement fund that had been set aside for this project "disappeared" and no one knows where it went or what it was used for. One year after it was discovered missing and the city doesn't care either. Trust us, Tinfow ssays, we're pretty sure nothing wrong occurred.
Uh huh, yeah sure. The city is going to have wished it busted its ass getting to the bottom of this when voters destroy the city's fourth (fifth?) attempt at passing another tax/bond measure.
Who would EVER trust this crew with any extra money? They'd just turn around and spend it on whatever shiny bauble captured their attention at that moment.
Don't forget that despite the unexplained whereabouts of the $4.5 million that is missing, Pacifica went ahead and pledged to construct a $5.5 million trail by 2021!
Trust us?! Ha!
LMAO 905. Just wait til they try to pass another tax measure. We'll show them who's boss! Sure we will. Meanwhile, they're the ones stone-walling on the 4.5 million and controlling many more millions every day. Who needs a tax measure when you've got a sewer fund and the ability to raise rates to fund it? Might not even need us for their library. They hired a CM who was instrumental in funding and building a library AFTER the voters turned it down. All a coincidence, I'm sure, but you've got to marvel at the way the more gifted bureaucrats on council find ways to cut the public out of the process. Oh, yes, we'll show 'em!
841 The devil is in your details. The quarry is about 87 acres not 300. Some company in Michigan bought it late last year. Just speculating, but this backwater isn't shopping center territory so I'd expect a low-density, enviro-pleasing, luxury development similar to Harmony. But, who knows? Mori's Point is something like 110 acres. The Pacifica Land Trust bought it at auction after efforts to develop it failed. Would have made a nice casino, but some would rather be pure and poor. PLT gave it to the GGNRA. However, Sweeney Ridge is about 1100 acres. Also part of the GGNRA. I think that happened by public vote. Developers were interested. Development of Sweeney Ridge, and, the roads and infrastructure to go with, would have been the game-changer for this town. We were doomed when that land was given away. What's left is scraps that'll make money for whomever develops it, as it should, (pricey housing makes the most sense) but won't do much for Pacifica's cash flow.
Grandiose plans for Palmetto? A few blocks of streetscape? Only in Pacifica would the plans for Palmetto be called grand. Nonsense. They weren't Karen's.
This town better not turn its nose up at 7-11 and other convenience type stores. Especially the ones that sell gas. All that sales tax on slurpies, gas, and burritos. Could be the only bright spot in our economy. Beats the projected city share of projected property tax from the projected Harmony. 7-11 have much for vegans?
The quarry also had designated development locations for a new Library, City Hall,
entertainment venues, tourist destinations, high end retail, transit hub, jobs, jobs, jobs.............revenue production!
Good job Lancelle, Vreeland, Digre, and deJarnutt! Your NOBIE masters made fools of you and dealt a deadly blow to Pacifica's existence.
Can't put housing or hotels in the quarry - stinks to much (from the dog poop and the state of the art sewer plant) but a an REI/Golf Mart outlet type of mall would work well there.
1218 While you fantasize like some jilted-at-the-altar bride, Don Peebles thanks his lucky stars (and Pacifica voters) for saving him from being trapped in Pacifica during the Great Recession. Not that he would have been trapped for long. Guys like Peebles don't get caught holding the bag. That's a Pacifica specialty.
Sensitive nose, Sharon. Whales, poop plants, dog plops still offend you. You are what Pacifica needs more of...people with standards. Avoided the whale but agree on the quarry 100%. Imagine the full disclosure if buying a home in there.
1239 Maybe we should try to make more of our golf connection. Wonder how the air quality was at Sharp Park for the Saturday tournament? Whiff of whale?
No 203, everyone lost, period. And what difference would it have made to develop the quarry property during the "great recession", except some people would have had jobs, and possibly this City would have had a better bank account. Once the property was developed, revenues and jobs from the site would have helped this City and the developer financially. (Borrowing money to move the project forward during that severe recession may have been a complication for the developer though.)
The project as described (not "fantasized") would have been productive for this City and our entire Community. Hopefully, the next developer's proposed quarry project (with oversight from the City, and the support of City Council) will move forward. Think community, as in "best practices" for the entire City and community!
By the way, next time you "fantasize" by making a lame, borderline sexist analogy, don't expect to see it posted by me. Blog "god" Sinai may post it, however; and should that occur, in follow-up expect more than the usual "hell" from me (and hopefully others).
Kathy, I'd expect no less. Pacifica would have been immune from the recession? Stalled, delayed, defaulted, imploded development projects coast to coast, the economies of entire countries are still in ruin, droves of bankrupt developers who were stuck in the wrong place at the wrong time, but a Pacifica development would be immune. A development heavy on housing while the housing market collapses. Fantasy is an inadequate word to describe that.
346, except the quarry housing component was planned to be built LAST. No "fantasy", fact. So now where does that argument go?
After all some of you worked very hard to assure in advance a nightmare project withdrawal. As late as 2008, Peebles Corporation was still involved in talks (or attempted talks) with the City about developing the commercial/retail component. City Council sub-committee (Vreeland, Lancelle) made sure that didn't happen. Result: the City continues bumbling along with its weaken financial status; we all lose.
Grandiose plans for Palmetto? A few blocks of streetscape? Only in Pacifica would the plans for Palmetto be called grand. Nonsense. They weren't Karen's.
Are you going to make me go back and find her campaign rhetoric and false promises?
She said, I am going to make Palmetto into Pacifica's downtown. It's own crown jewel.
535 The plans did not originate with Karen, the promise is not unique to Karen, and the plans really aren't very grand.
Kathy, I don't doubt that the "talks" between Peebles and the city stuttered along til 2008 although without energy after the defeat of Measure L in 11/2006 and shadowed by the worsening economic climate in 2007. The third quarter of 2008 is generally regarded as the clear beginning of the hard recession in the US. Slammed the door and kept it shut for years. Can't wait to see what the new owners come up with. IMHO it won't be anything on the scale of the Peebles or Trammell Crow proposals. There are easier ways to make money.
631, as mentioned, Peebles Corporation would have built the commercial/retail component. Vreeland and Lancelle were the sub-committee that stopped that.
Further, around that time Vreeland had some "alternative" private-public partnership he was promoting in the quarry, (a few articles about that were published the Pacifica Tribune). This was something separate from his promotion of the proposed experimental, underfunded biodiesel hook-up to our City sewer plant.
Thank you, Kathy. I'm beginning to understand how cults work.
Would Peebles have built an all commercial project without housing? It's really not what he does. No housing, obnoxious locals. Recession was probably the final straw.
Peebles lender, Wachovia was also taken over by Wells Fargo.
Can't put housing or hotels in the quarry - stinks to much (from the dog poop and the state of the art sewer plant) but a an REI/Golf Mart outlet type of mall would work well there
Sharon, every outlet mall developer came down looked at the quarry for an outlet mall and passed. At one time an outlet mall developer came down looked at Pedro Point Shopping Center, and passed. The Pedro Point Chapter of the nimbys and noobies did their best to run the guy out of town.
No 203, everyone lost, period. And what difference would it have made to develop the quarry property during the "great recession
Kathy, Peebles plan for the quarry was before the great recession.
It was 2005 or 2006.
The economy fell off a cliff in 2007-2008, depending on which news channel you watch.
Economic cycles are the norm. Developers, especially successful ones like Don Peebles, are not easily frightened by the ups and downs of the stock market and generally work it into their overall project to the extent that they can.
He very wisely intended to build housing AFTER the commercial base was installed.
If the nuts in Pacifica, led by Lancelle, Vreeland, Digre and deJarnutt hadn't killed this project, we would have a wonderful and life changing project underway by now. Our economy would have a heartbeat and we would be building a beautiful tourist destination and town center to propel Pacifica into a successful future.
For the ignorant naysayers that claim Peebles is thanking his lucky stars, you obviously don't understand market forces. He could have built this during an economic downturn with low interest loans, lower cost materials, cheaper and abundant labor and would now be making a fortune on monumental real estate gains.
.....but I'm sure you would find that offensive because you are wealth haters.
1207 You think I don't understand market forces? LMAO. I understand your bullshit perfectly. Good grief, you pile it high.
Just high enough to reach your pie hole.
Choke on it baby.
1243 Bet you've heard it before, but you make me reach for the lysol. Ewww. Tmi about the real you. And you're still full of it.
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