Posted Jul 30, 2024, 7:42 PM
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你的媽媽
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Join Date: Jan 2012
Location: The Bay
Posts: 9,718
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Quote:
Exclusive: First look inside S.F.’s Pier 70 and the plan to develop the central waterfront
By J.K. Dineen, Reporter
June 14, 2024
A soaring, redeveloped historic warehouse that could be to San Francisco’s central waterfront what the Ferry Building is to the Embarcadero is ready for its long-awaited close-up.
The streets and sidewalks that surround Pier 70’s cathedral-size Building 12 have been completed. Both 20th and 22nd streets have been extended two blocks to the east. Two new streets, Louisiana and Maryland streets, feature herringbone pavers, meters, bike racks, ginkgo trees and native plants. Already, meter attendants are prowling the new territory.
And this month the first public-facing business will open, allowing neighbors from Dogpatch — and across the city — to wander through the emerging Maker’s Hall, the centerpiece of a 28-acre mixed-use project that hopes eventually to bring thousands of new residents and workers to a patch of the central waterfront just south of Mission Bay.
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It has not been all smooth sailing for Brookfield. Back in 2019, the developer announced plans to start construction on four buildings: a 275,000-square-foot office building, a 280-unit residential complex, and a 120-unit apartment building to be constructed within the shell of Building 2, a four-story concrete structure. The developer hoped to have all four completed by the end of 2021. Google was in talks to take all of the office space. An earlier phase of the Pier 70 redevelopment, six historic buildings, had been fully leased with a roster of tenants that included the employee benefits company Gusto, as well as RH, formerly called Restoration Hardware, and Otto, the now-defunct Uber-owned self-driving truck company.
Then came the pandemic. Talks with Google fizzled out. The housing was put on hold amid rising construction costs and falling rents. High interest rates and the national news media’s focus on San Francisco’s struggles with crime and homelessness made the city a tough sell in the capital markets.
But while the pandemic put the brakes on ground-up development, Brookfield has been quietly forging ahead on both the infrastructure — the new streets and utilities — as well as converting Building 12 into a creative hub that could attract other businesses once a recovery kicks into gear.
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https://www.sfchronicle.com/sf/artic...2-19513305.php
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