{"id":1004197805,"date":"2017-11-20T04:44:06","date_gmt":"2017-11-20T12:44:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004197805"},"modified":"2022-12-08T16:25:48","modified_gmt":"2022-12-09T00:25:48","slug":"forest-city-to-begin-work-on-sfs-pier-70","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/forest-city-to-begin-work-on-sfs-pier-70\/","title":{"rendered":"Forest City to Begin Work on SF’s Pier 70"},"content":{"rendered":"

By Keith Loria<\/em><\/p>\n

\"San<\/a>

San Francisco skyline<\/p><\/div>\n

Forest City Realty Trust Inc.\u00a0is set for the first phase of Pier 70, a\u00a028-acre mixed-use project in\u00a0San Francisco.<\/p>\n

At full buildout, the project will consist of\u00a0about 2,150 residential units, 30 percent of which will be affordable, up to 1.8 million square feet of commercial space and 450,000 square feet of retail, arts and light industrial\/maker space. Additionally, it will include parks, transportation and infrastructure improvements and significant public benefits.<\/p>\n

\u201cWe love to work with communities on transformative large urban mixed-use projects,\u201d <\/em>Jack Sylvan, Forest City\u2019s senior vice president, told Commercial Property Executive. \u201cPier 70 offers an incomparable canvass of\u00a0industrial history, the diverse culture of the Dogpatch neighborhood, and an expansive waterfront location, which makes this location extraordinarily unique.\u201d<\/em><\/p>\n

San Francisco\u00a0Mayor\u00a0Edwin Lee signed into law an agreement that allows the development company to go further with plans, capping a decade of extensive planning, community outreach, civic engagement and collaboration.\u00a0The project will include both new construction and adaptive reuse of historic structures and will open access to a part of\u00a0San Francisco\u2019s\u00a0waterfront that has been underutilized and largely inaccessible for more than a century.\u00a0Pier 70 will be\u00a0part of a diverse, historic and creative neighborhood and will draw upon the neighborhood\u2019s unique attributes and meld arts and creative spaces, housing across the spectrum of affordability, light manufacturing, local retail, new waterfront parks, and rehabilitated historic structures.<\/p>\n

\u201cSan Francisco, the historic district and its waterfront location makes this one of the most incomparable development sites in the country,\u201d <\/em>Sylvan said. \u201cWe\u2019re implementing the community\u2019s vision is to create a place that\u2019s a natural extension of the neighborhood. That means a vibrant waterfront, spaces to do creative things with the arts, design, manufacturing and food, community activities for everyone, and neighborhood services people use every day.\u201d<\/em><\/p>\n

Historic Transformation<\/strong><\/h2>\n

According to Sylvan, the site is an historic industrial district that has been inaccessible to the public for more than 100 years.<\/p>\n

\u201cThe project addresses the city\u2019s needs for more housing, new urban parks, and space for artists, small-scale makers and other creative industries in ways that are reflective of the Dogpatch area,\u201d <\/em>he said. \u201cWe\u2019re creating a unique new San Francisco neighborhood within an industrial historic district to support a diverse, thriving community of residents and workers.\u201d<\/em><\/p>\n

The city has seen a wealth of news on mixed-use developments in recent months. In May, FivePoint Holdings LLC launched commercial offerings at\u00a0The San Francisco Shipyard<\/a>, a nearly five-million-square-foot revitalized waterfront community;\u00a0Earlier this year, the Bohannon Cos. received $145 million in financing to develop Menlo Gateway,\u00a0an eight-story, 210,000-square-foot office building\u00a0in Menlo Park; and Harvest Properties and LaSalle Investment Management teamed to acquire 1149 Chess Drive in Foster City<\/a> from Whitney Investments and Woodstock Development for about $35.3 million last March.<\/p>\n","protected":false},"excerpt":{"rendered":"

The project will include both new construction and adaptive reuse of historic structures and will also expand access to a part of San Francisco\u2019s waterfront that has been underutilized and largely inaccessible for more than a century.<\/p>\n","protected":false},"author":59,"featured_media":1004197816,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21783,21752,21742,1609,15],"tags":[33592,38373,38372],"class_list":["post-1004197805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-investment","category-mixed-use","category-latest","category-san-francisco","category-west","tag-forest-city-realty-trust","tag-mayor-edwin-lee","tag-pier-70"],"acf":[],"yoast_head":"\nForest City to Begin Work on SF's Pier 70 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/forest-city-to-begin-work-on-sfs-pier-70\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forest City to Begin Work on SF's Pier 70\" \/>\n<meta property=\"og:description\" content=\"The project will include both new construction and adaptive reuse of historic structures and will also expand access to a part of San Francisco\u2019s waterfront that has been underutilized and largely inaccessible for more than a century.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/forest-city-to-begin-work-on-sfs-pier-70\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-20T12:44:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:25:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/san-francisco-2030794_1920.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Robert Demeter\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/forest-city-to-begin-work-on-sfs-pier-70\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/forest-city-to-begin-work-on-sfs-pier-70\/\",\"name\":\"Forest City to Begin Work on SF's Pier 70 - 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