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