San Francisco city officials this week gave final approval to a 28-acre project at Pier 70 expected to include as many as 3,000 new housing units as well as retail, art and production space.
At a ceremony Wednesday with Supervisor Malia Cohen and city agency heads, Mayor Ed Lee signed legislation for the project that was approved by the Board of Supervisors on Tuesday.
“This project will provide affordable homes for our families, residents and local workforce, and support a diverse range of local businesses and artists. … We are taking an underused and neglected part of our City and changing it into a vibrant community that everyone in San Francisco can enjoy.”
The project by developer Forest City sits at the edge of the Dogpatch neighborhood at a historic shipyard at Potrero Point.
It will include as many as 3,000 new residential units, 30 percent of which will be designated as permanently affordable, and around 400,000 square feet of ground floor space for retail, arts and local manufacturing uses, according to city officials.
The project will also reuse three historic buildings in the Union Iron Works Historic District and emphasize preservation and rehabilitation of the former industrial site.
In addition, it will include more than 9 acres of parks, playgrounds and other public open spaces.
Cohen said the project would create an “active and sustainable” new neighborhood with benefits including a local hiring program, on-site child care, a transportation demand management plan and a promise to give District 10 residents priority for the affordable housing units.
“In addition to over $750 million in public benefits, this project will bring access and connection to a piece of the waterfront that has never been accessible, and for that we should be incredibly proud,” Cohen said.