Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Port unveils Pier 70 term sheet with Forest City; artists and neighbors press for inclusion and preservation
Summary
Staff and Forest City presented a term sheet for a 28-acre Pier 70 waterfront development that would rehabilitate historic buildings, create offices, retail and up to 950 residences and rely heavily on phased infrastructure financing; artist tenants objected to plans to remove the Newnan Building and asked for meaningful inclusion.
Port staff and master-developer Forest City presented a detailed term sheet May 16 for the Pier 70 waterfront site that lays out land-use goals, phasing and a financing approach intended to deliver large-scale horizontal infrastructure and historic rehabilitation.
The term sheet covers a 28-acre waterfront site and anticipates up to 3.5 million gross square feet of development including as much as 2.2 million square feet of office, roughly 270,000'400,000 square feet of retail/arts/maker space, approximately 950 residential units and 7'8 acres of public open space. Staff described entitlement and infrastructure costs at scale: entitlement costs estimated at roughly $21 million, infrastructure…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat