Last year, Salesforce Tower opened in San Francisco. One of the tallest buildings in the country coming online would be a high-water mark for most cities, but not the City by the Bay. With a new arena, more skyscrapers and massive redevelopments in the works, San Francisco’s evolution is just getting started. And it’s all union built.
Warriors Arena/Chase Center
Many expect the Golden State Warriors to be the three-time reigning NBA champions when they tip off the 2019-20 season in their new state-of-the-art arena on Mission Bay. Champions or not, the Warriors will boast a home that will be the envy of the NBA. With its 35,000 square foot public plaza, waterfront park, restaurants and cafés, the 18,000-seat Chase Arena will be ready for action.
The $1.6 billion project will extend the existing Third Street rail line 1.7 miles mostly underground from the 4th Street Caltrain Station to Chinatown, bypassing heavy traffic.
The 43-story, 480-foot tall residential tower at 706 Mission Street will feature 146 condominium units and 4,800 square feet of ground level retail and restaurant space. The project is designed to meet requirements for LEED Silver certification. Construction began in mid-2016 and is expected to be completed in 2019.
MIRA (Folsom Bay Tower)
The twisting increments of MIRA, formerly known as the Folsom Bay Tower, will reach 400 feet once completed in 2020. Designed by Studio Gang, the tower is geared to add flavor to the city’s architectural repertoire while supplying much needed housing with its 391 condo units, 40 percent of which will be below market rate. The street-level facade on Folsom Street will feature 10,000 square feet of retail inviting pedestrians in for shopping and amenities within a tower that’s on track for LEED Gold certification.
Treasure Island/Yerba Buena Island
Designed to roll out over the next 10 to 15 years, the $1.5 billion redevelopment will create a new commercial town center and neighborhood with 8,000 residential units, three hotels and 300 acres of parks and open space along with 235,000 square feet of retail space, 100,000 square feet of new office space, a new ferry terminal and upgraded roads and infrastructure. The development is expected to generate 2,000 construction jobs annually and 3,000 permanent jobs.
Pier 70 Redevelopment
Over the course of the next 10 to 15 years, the area between 18th and 20th streets will see the addition of between 1,100 and 2,150 new residential units at all price levels; up to 1.75 million square ft. of office space, up to 445,000 square feet of retail, light industrial and arts and nine acres of waterfront parks. Developer Forest City’s plan for the Pier 70 site has between 1,100 and 2,150 residential units – with 65 percent to be rentals and 30 percent affordable housing. The $2 billion project will be built in phases, starting with building 930 housing units and rehabilitating historic buildings.