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Commission consents to Park Merced development agreement with sustainability and affordable‑housing conditions
Summary
The SFPUC consented to a 30‑year development agreement for Park Merced, which includes an estimated 5,700 net new units, transit investments, and sustainability and water‑use reduction targets; the commission added conditions and reviewed protections for pipeline relocation and tenant protections.
The San Francisco Public Utilities Commission voted to consent to the Park Merced development agreement, a privately financed, performance‑based contract that sets sustainability targets and public benefits for a major redevelopment in the City and County of San Francisco.
A representative from the mayor’s office, referred to in the meeting as Mister Yarny, presented the proposal’s scope: at full build‑out the project would replace and increase the site’s existing housing (about 3,300 existing rent‑controlled units) with approximately 5,700 net new units (bringing the site to roughly 8,900 units) and…
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