Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Port staff briefs commissioners on Mission Rock term sheet; Anchor Brewing named Pier 48 tenant
Summary
Port staff presented a term sheet with the Giants'affiliated Mission Rock team to develop Sewell Lot 337 and Pier 48 into a mixed-use neighborhood. The plan, which relies heavily on an Infrastructure Financing District for public infrastructure funding, includes up to 1,500 housing units, 1.7 million sq ft of office, parks, and a proposed Anchor Brewing Company lease at Pier 48.
The Port of San Francisco received an informational briefing on a term sheet this afternoon that would guide development of Sewell Lot 337 and adjacent Pier 48 as a mixed-use neighborhood known as Mission Rock. Port staff said the proposal, developed in partnership with COA Lot 337 Associates (the Mission Rock team affiliated with the San Francisco Giants), envisions up to 3.6 million square feet of development including about 1,500 new residences, up to 1.7 million square feet of office, more than eight acres of parks and open space, and new streets and waterfront access.
The term sheet presentation was led by Phil Williamson, port project manager, and supported by Mike Martin of the Office of Economic and Workforce Development and Jonathan Stern of Port Planning and Development. Williamson described a phased plan that would privately fund horizontal infrastructure and then reimburse developers through a combination of development-rights payments, special taxes, and other mechanisms. "The infrastructure for the site is phased and intended to be delivered as needed," Williamson said, noting the strategy is to time infrastructure construction just in time for vertical…
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
