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Commission authorizes exclusive negotiations with Tishman Speyer for Transbay Block 1 amid parking and HOA debate
Summary
The Commission approved an exclusive negotiation agreement (ENA) with Block 1 Propertyholder LP (Tishman Speyer) to negotiate a disposition and development agreement for Transbay Block 1, advancing proposals for 76 OCII‑subsidized affordable units and alternative 300‑ or 400‑foot schemes. Commissioners debated parking parity and HOA structure; staff estimated a $4 million cost difference for full parking parity.
The Commission on Community Investment and Infrastructure on Nov. 18 voted to authorize an exclusive negotiation agreement (ENA) with Block 1 Propertyholder LP, an affiliate of Tishman Speyer, to negotiate a disposition and development agreement for a residential project on Transbay Block 1.
OCII staff said the site is comprised of multiple legal parcels and that the former redevelopment agency purchased one parcel for affordable housing purposes. Staff presented two development alternatives from Tishman Speyer: a 300‑foot tower and a 400‑foot tower. Under the 300‑foot option the proposed program includes approximately 318 units total (including 76 OCII‑subsidized limited‑equity affordable units priced in the 80–100% AMI…
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