[chris08876]

The Development Opportunity

Diagram of Location: http://transbaycenter.org/uploads/20...ev_6-25-15.pdf

Parcel F is located within Zone 2 of the Transbay Redevelopment Plan (adopted in 2005). The land uses in this zone are governed by the City and County of San Francisco General Plan, Planning Code, and any other applicable ordinances (rather than governed by the Successor Agency to the former San Francisco Redevelopment Agency (OCII) under Section 3.1 of the
Redevelopment Plan).

Parcel F is also located within the Transit Center District Plan area (adopted in 2012), part of the San Francisco General Plan. Under that plan, Parcel F, 75 Natoma, and 564 Howard are generally zoned for a 750-foot building height, while 546 Howard is zoned for 450 feet.

An increase in the height limit of 546 Howard to match the remainder of Parcel F, however, is believed by the TJPA to be achievable.
Parcel F is currently zoned C-3-O(SD), which generally allows for a wide range of uses, including office, residential, and hotel uses, although the site is also within the Transit Center Commercial Special Use District which requires that developments on large sites (greater than
15,000 square feet) shall be at least two-thirds commercial.

Except as summarized below and as will be specified in the bid documents made available to bidders in advance of the auction, the TJPA will not prescribe the uses or development of the site. Bidders are encouraged to assess the range of potential current and future opportunities for development of Parcel F.

The Transit Center District Plan anticipates that the building on Parcel F will connect to the rooftop park of the Transit Center by a pedestrian bridge similar to the pedestrian bridges planned to connect the Salesforce Tower and the 181 Fremont Tower to the park. The Buyer shall pay all costs for construction of the bridge and the TJPA’s costs for any redesign and reconstruction of the Transit Center necessary to connect the pedestrian bridge to the rooftop park.

OCII currently has an option to acquire Parcel F for the purpose of preparing the Parcel F for sale and development, and with the obligation to deliver the purchase price to the TJPA. OCII staff supports the TJPA’s plan to convey Parcel F directly from the TJPA to the highest bidder as a result of live public auction as summarized here. Prior to closing, OCII will release its option to acquire Parcel F, which release may be subject to OCII Commission, Oversight Board, and State Department of Finance approval.

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http://transbaycenter.org/uploads/20...2_Parcel-F.pdf