HOPE SF – Potrero Terrace and Annex

The Potrero Terrace and Annex project is a phased, master-planned new construction development consisting of the demolition of the existing 619 public housing units on the property and the construction of up to 1,700 new units, including one-for-one replacement of the existing public housing units, additional affordable rental units, and market-rate rental and for-sale units. The project will also feature up to 15,000 square feet of neighborhood-serving retail space, approximately 30,000 square feet of community space, approximately 3.5 acres of new open spaces, and a reconfigured street network. The multi-phase redevelopment plan will be completed over the next 10-12 years. 

The Phase II infrastructure scope consists of rough grading, major utility extensions, and installation of new public streets and sidewalks. The new housing parcels are planned as one affordable housing building with approximately 115 units and one market rate building with up to 160 units. Existing streets segments of Wisconsin Street, 25th Street, and 26th Street will be reconstructed and regraded; a new segment of Arkansas Street will feature head-in parking on the eastern side and parallel parking spaces on the west, and streetscape will be designed with new sidewalks, curb ramps, and bulb-outs. 

HOPE SF – Sunnydale and Velasco

The Sunnydale and Velasco project is a phased, master-planned new construction development that will demolish the existing 775 public housing units on the property and construct of up to 1,700 new units, including one-for-one replacement of the existing public housing units, affordable rental units, and market-rate and affordable for-sale units. The project will also provide up to 16,200 square feet of retail space, up to 46,300 square feet of community service, and educational facilities. Approximately 11 acres of new parks and recreation spaces and approximately 12 acres of a new and reconfigured street network will be built as part of the project. The multi-phase redevelopment plan will be completed over the next 12-15 years. 

Infrastructure improvements include construction of three new streets, relocation of existing electrical power poles and overhead lines, new underground utilities including a combined sewer system and new electrical switchgear, lighting and bio-retention curb bulb extensions, a new pedestrian mews, and demolition and abatement of 120 existing units in 16 buildings. 

OCII Mission Bay – Parks and Open Space

The construction of ten additional parks in Mission Bay is anticipated over the next six years, of which seven are planned for delivery over the next four years. Parks planned to be finished by FY2026 include the Bayfront Park, the remaining segments of the Mission Creek park loop, a small pocket park fronting the Bay, active parks across from the Mission Creek park, and a small segment of Mariposa parks.

The cost of future OCII Mission Bay Parks and Open Space is approximately $106 million through FY2033.

OCII Mission Bay – Streetscape and Underground Utilities

Additional roadways, underground utilities and pedestrian and bicycle improvements are needed to serve the new residential neighborhood and research district in the southern portion of Mission Bay. The remaining improvements will be constructed over the next four years.

The cost of future OCII Mission Bay Streetscape and Underground Utilities is approximately $6.6 million through FY2033.

OCII Mission Bay – Storm Water Treatment

The remaining required storm water treatment improvement in Mission Bay is located south of Mission Creek. This southern portion of Mission Bay will have a storm water treatment system separate from the combined sewer/storm water system found in the rest of the city to avoid additional burden on the Southeast Treatment Facility. Construction of a final storm water pump station is expected within the next three years.

The cost of future OCII Mission Bay Storm Water Treatment is approximately $14.4 million through FY2033.

OCII Transbay – Parks and Open Space

Two new Transbay parks are in development. The under-ramp park (“URP”), located under the Salesforce Transit Center bus ramp and off-ramp from I-80 will include plazas, walking and bicycle paths, landscaping, sport courts, concessions, and a large dog park. Construction is expected to being in 2024, with completion in 2026. As URP will be located on property owned by the TJPA and Caltrans, CCSF will not be responsible for maintaining the park. The Block 3 park, located on a portion of the former Temporary Bus Terminal, will include landscaping, play areas, and gathering spaces. Construction is expected to begin in late 2023, with completion in 2025. OCII intends to transfer the Block 3 park to the Recreation and Parks Department to own and operate. 

The cost of design and construction for both parks is estimated at $104 million.  

Port – National Park Service Alcatraz Embarkation Site

The Alcatraz Project will activate the Pier 31 bulkhead with a plaza, café, and improved public restrooms and transform the Pier 33 bulkhead into a visitor-contact station. $7.5 million of repairs have been made to the facility’s substructure to prepare the site for the new tenants. Further investments in the site will be made through leases with the new ferry concessioner, Alcatraz Cruises, LLC (selected by the National Park Service through its competitive-bid process) and the Golden Gate National Parks Conservancy. These planned Alcatraz Embarkation Project is expected to be complete by mid-2026.

The Port anticipates that the project will ultimately result in $41.2 million of investment in Piers 31-33.

Port – Pier 70 Waterfront Site

With Brookfield Properties, the Port’s development partner, the Pier 70 Waterfront Site is planned to construct recreational and art programming among housing and commercial development. Construction started in 2018 and the full build-out is estimated to be completed in 10-15 years. The project includes 6.5 acres of waterfront parks, playgrounds and recreation opportunities; new housing units (including 30% below market-rate homes); restoration and reuse of currently deteriorating historic structures; new and renovated space for arts, cultural, small-scale manufacturing, local retail, and neighborhood services; up to 1.75 million square feet of new commercial and office space; and parking facilities and other transportation infrastructure. 

The capital cost estimate for this public-private partnership project is $340 million. A combination of land contributions, tax increment from an Infrastructure Financing District, and special taxes from a Community Facilities District will reimburse the developer for infrastructure costs. 

Port – Seawall Lots 323 and 324

The Port Commission approved an agreement with TZK Broadway, LLC to improve Seawall Lots 323/324 and the nearby street stubs with a mixed-use development. This proposed development is planned to include the following: a four-story building with a 192-room hotel, a dinner-theater space featuring the historic “Spiegeltent”, and approximately 14,000 square feet of park space. Teatro ZinZanni will operate the dinner-theater. Due to COVID-19 disruption, implementation was delayed and the project is expected be complete by 2025. 

The Port anticipates that this development will ultimately result in over $142 million of private capital being invested in this Port-owned vacant land parcel.

Port – Mission Rock (Seawall Lot 337 and Pier 48)

Led by Seawall Lot 337 Associates, LLC (a partnership between Tishman Speyer and the San Francisco Giants), this project is a flexible development including housing, office, life science, retail, exhibition, and parking uses. The Port anticipates that the leases from this development will generate new revenues to support ongoing operations for the Port. 

The development requires construction of new streets, sidewalks, and utilities. The cost of these infrastructure enhancements will be paid by revenues generated by Port land value in the form of pre-paid leases and an Infrastructure Finance District that will be established for this project. The development Phase 1 construction started in 2020 and will deliver four buildings and five-acre park in 2024. 

The developer will construct $244 million in horizontal infrastructure enhancements including streets, sidewalks, and utilities through 2029. A combination of Port land contributions, tax increment from an Infrastructure Financing District, and special taxes from a Community Facilities District will reimburse the Developer for infrastructure costs. 

Port – Waterfront Resilience Program 

The Waterfront Resilience Program is a major City and Port effort to improve the Port’s 7.5-mile shoreline to provide increased seismic performance, provide near-term flood protection improvements, and plan for long-term resilience and sea-level rise adaptation. In 2018, the Port estimated that the cost of this work for the Embarcadero Seawall zone (approximately 3.5 miles) was up to $5 billion. The Port is now developing updated estimates of these costs along the entire waterfront and expects the cost to increase significantly. Existing sources of funding include Port Harbor Fund contributions, the $425 million Seawall Earthquake Safety General Obligation Bond approved by voters in November 2018, a $5 million grant from the State of California, and funding from the U.S. Army Corps of Engineers (USACE) to begin a general investigation of coastal flood risk along the Port’s 7.5-mile waterfront.  Additionally, a G.O. Bond is planned for 2028 which is anticipated to include $200 million for resilience. Ultimately, the Port will require federal, state, and local funding to complete this multi-decade effort. 

The Port anticipates the cost of the Waterfront Resilience Program to be approximately $1.0 billion through FY2033.

TIDA – Bridge Access Improvements

The redevelopment of Treasure Island and Yerba Buena Island required improved access to the islands from the I-80 Bay Bridge and to seismically retrofit or replace the viaduct structures on the west side of Yerba Buena Island. Under the Disposition and Development Agreement (DDA), Infrastructure Plan, and related agreements, these improvements are City obligations and the San Francisco County Transportation Authority (SFCTA) was to deliver these projects leveraging initial funding commitments from the Federal Highway Bridge Program and State of California Proposition 1B proceeds. 

The first of these projects, the new westbound on- and off-ramps, was completed in October 2016. The second project, an interchange between eastbound on- and off-ramps and access roads on Yerba Buena Island began construction in June 2020 and opened in October 2022. The third project to replace the seismically deficient viaduct structures (Westside Bridges Project) is expected to commence in Spring 2023 and be completed by 2025. The fourth project, the Multi-Use Pathway Project, is also being led by the SFCTA and will provide a bike/ped connection from the existing Vista Point at the end of the Bay Bridge East Span along Treasure Island Road to Treasure Island and the new ferry terminal. Timing for the construction of the Multi-Use Pathway is dependent on securing construction funding.

TIDA – Horizontal Infrastructure

As a manmade island, significant work is required to improve the soil conditions on Treasure Island prior to development. Additional soil import is necessary to prepare for anticipated sea level rise. Roadways and utility infrastructure throughout Treasure Island and Yerba Buena Island will need to be replaced to meet City standards and serve the new development. These improvements are, with limited exceptions, the responsibility of Treasure Island Community Development (TICD).

TIDA – Public Open Spaces

The project includes more than 290 acres of new public open spaces including parks, public access trails, shoreline and other waterfront improvements to enhance public use and enjoyment of the San Francisco Bay. The initial development of these facilities is a developer responsibility, but the ownership of these facilities and their future operation, renewal, and improvement will be the responsibility of TIDA. The Community Facilities District formed over the islands in 2017 will provide a stable stream of revenues to support parks operations. 

Construction of the first park on Yerba Buena Island, “The Rocks Dog Park,” is completed, and the developer is seeking acceptance from the City. The two crests atop of Yerba Buena Island will be named “Infinity Point” and “Signal Point”. A new 66-foot tall sculpture called Point of Infinity, designed by Hiroshi Sugimoto, installed within the Infinity Point section. Improvements to additional parks on Treasure Island have also begun, including the Causeway Park, Waterfront Plaza, Cultural Park, and the signature Cityside Park, a linear park located on the western shoreline with views of the San Francisco skyline. A new beach park is being developed on the shore of Clipper Cove between Yerba Buena and Treasure Islands. The various parks are expected to be completed with similar timing and phasing as the adjacent housing parcels.

TIDA – Transportation Improvements

Public transportation improvements will include a new ferry terminal, acquisition or leasing of new ferry boats, the acquisition of new buses for AC Transit and Muni, and the cost to purchase or lease shuttle buses for the new on-island free shuttle service. The DDA and Transportation Plan detail the City and developer responsibilities for these improvements and acquisitions. In addition to the developer’s obligation towards these improvements and acquisitions, TICD is also obligated to provide a transportation operating subsidy to supplement funding for the island’s transit services and transportation demand management programs over the course of development.

In effort to promote a “transit first” community vision, 2008 state legislation as part of AB 981 created the Treasure Island Mobility Management Agency (TIMMA). SFCTA was designated as the TIMMA in 2014. The approved legislation authorizes TIMMA to implement the transit services for the island and among other duties, to establish parking fines, parking fees, congestion pricing fees, and to collect all parking and congestion pricing revenues generated on-island to support the development's transit and transportation demand management programs to mitigate additional trips to and from the island using the San Francisco-Oakland Bay Bridge. 

Tolling and paid parking strategies are in development to disincentivize private vehicle usage on a daily basis. The TIMMA intends to adopt tolling policies in early 2023. In the DDA, Treasure Island Transportation Plan (TITIP), and Infrastructure Plan, the development of tolling systems and infrastructure was a City responsibility, but no specific strategy was identified to fund implementation. To date, work has been funded through TIDA leasing revenues and grants secured by the TIMMA.  To fully deploy congestion management system including the tolling infrastructure, TIMMA has identified additional capital funding needs to implement services on schedule with island development and the arrival of new residents. TIMMA is working on strategies for addressing these needs. 

New residents also trigger the expansion of new transit services, beginning to and from Oakland.  Eventually, these expanded services – including ferry service from the Treasure Island to the San Francisco Ferry Terminal – will be supported by the congestion pricing tolling revenues, parking fees, and related revenues.  During the initial years of operation, however, transit operation subsidies will be required.  The developer, TICD, is required per the DDA to provide a fixed subsidy amount during these initial years. However, depending upon the tolling policies and affordability programs adopted by the TIMMA Commission, the pace of development and island population growth, and other factors, additional operation subsidies may be required.  

In addition to their obligations under the DDA, TICD has elected to privately subsidize an early start of ferry service from Treasure Island to the Ferry Building on the Embarcadero.  On March 1, 2022, PropSF began operating service to and from the island on a regular schedule covering fifteen hours daily.

TIDA – Utility Infrastructure

TIDA continues to operate existing utility systems on Treasure Island and Yerba Buena Island with the support of the San Francisco Public Utilities Commission (SFPUC). Although these systems are to be replaced during the course of development and new infrastructure accepted by the SFPUC or private utilities, portions of the existing systems will remain in use for ten to 15 years or more as development progresses.

In consultation with the SFPUC, TIDA has been required to make targeted investments in the existing utilities, in particular the wastewater collection system and treatment plant. Improvements are intended to ensure permit compliance and service reliability during the interim period before new infrastructure is constructed, dedicated to and accepted by the City. While TIDA has been funding this work out of its annual operating budget in prior years, TIDA has begun to fund this work in FY2022 and on with previously authorized Certificates of Participation. 

Master developer TICD has completed construction of the new water storage reservoirs. TICD also completed the geotechnical improvements of the site of the new electrical switchyard and wastewater treatment facilities. The SFPUC activated install new electrical switchgear and expects the new wastewater treatment plant to be operational in late 2024.