Posted Oct 23, 2014, 6:05 PM
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Only Mostly Dead
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Join Date: Apr 2007
Location: Marin
Posts: 5,234
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It seems the final legal hurdles have been overcome and this should get started late next year. A few snippets from a thorough update of the project from the SF Business Times:
Quote:
But the Treasure Island project has been mired in lawsuits — until now.
After the state Supreme Court finally punted Wednesday on a major lawsuit brought against the Treasure Island redevelopment by a group called Citizens for a Sustainable Treasure Island, led by former Supervisor Aaron Peskin.
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The city still needs to officially acquire the land from the Navy, which will happen by the start of next year now that the Navy has completed environmental cleanup there, Treasure Island director Bob Beck said.
The team of developers – including Wilson Meany and Lennar Urban – then plan to start work on the demolition and infrastructure on the former Navy site by next fall. Once it's fully completed in about two decades, the full site will include 8,000 residential units, 235,000 square feet of retail, public parks and 500 hotel rooms. One-quarter of the housing units will be affordable.
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That first phase will include the site's portion that sits on Yerba Buena Island and the part of Treasure Island that borders Clipper Cove. It will include about 500 housing units and retail space.
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