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Board clears sale of Transbay Block 9 to developer team; sale proceeds to fund Transit Center
Summary
The Board held a committee-of-the-whole hearing and approved the disposition of Transbay Block 9 to a development team led by TMG and Essex, with Bridge Housing providing affordable units. The purchase price was stated at $43,630,000; the project includes 545 units with 109 affordable to households at or below 50% AMI.
After a brief presentation and public comment, the San Francisco Board of Supervisors voted unanimously to approve the Office of Community Investment and Infrastructure's (OCII) requested disposition of Transbay Block 9 on Feb. 3.
Supervisor Jane Kim described the item as the fourth Transbay block to be transferred under agreements among the city, OCII, the Transbay Joint Powers Authority and…
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