A significant development project in San Francisco is gaining momentum as city officials and stakeholders discuss plans for the Stones Town site, which could potentially add thousands of housing units to the area. During a recent city planning commission meeting, commissioners expressed strong support for the project, emphasizing the need for community engagement and affordable housing.
Commissioner discussions highlighted the importance of ensuring that local residents have a voice in the development process. One commissioner noted the success of previous projects, such as Mission Rock, which involved extensive community input regarding affordable housing percentages. The city is currently collaborating with Brookfield, the developer, to incorporate community feedback into the housing plan.
The proposed project could see up to 3,500 housing units, with city officials stressing the need for alignment between environmental studies and development agreements. While the environmental review process (CEQA) sets a maximum potential for development, the actual commitments will be detailed in the development agreement, which does not mandate construction but aims to facilitate it.
Concerns were raised about the capacity of local infrastructure, particularly the nearby Merced branch library, to support the anticipated population increase. City officials acknowledged the need for further analysis on this front.
Commissioners also discussed the potential for using public financing tools, such as an Enhanced Infrastructure Financing District (EIFD), to support the development of necessary infrastructure. This approach could incentivize the developer to expedite construction, addressing frustrations over slow progress on other large projects in the city.
The conversation also touched on the possibility of including a hotel in the development plan. While the hotel element was initially proposed, the focus has shifted towards maximizing residential units. However, officials indicated that flexibility remains in the planning process, allowing for future adjustments based on market demand.
As the project moves forward, city leaders are committed to maximizing affordable housing and ensuring that community benefits exceed minimum requirements. The planning commission is expected to review the project further, with hopes that it will set a precedent for future developments in San Francisco.