April 23rd, 2008
San Francisco Development Update: Giants Parking Lot Moves Towards Development
Three finalists were selected for the next round of negotiations for the right to develop Seawall Lot 337, currently being used as a parking lot for the San Francisco Giants and other major event holders.
The three selectees will now move into the detailed proposal stage, according to an article today by Brian Miller of Globe St. As discussed in a previous post, this corner of Mission Bay will be an integral part of the redevelopment efforts that will connect Dogpatch to the South with the South of Market neighborhoods to the North. UCSF is already occupying space in newly built buildings on the East side of Mission Bay, and 4th Street is being set aside as a retail hub for the entire area, hoping eventually to draw visitors from outside submarkets.
Mission Bay was originally seeking only Biotech Companies to fill planned office buildings, but has recently opened leasing opportunities to Tech Companies in general. Some have speculated that this is simply intelligent financial planning, others think it may be because the demand from Biotech companies is not as strong as what was expected.
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[...] be spread out over places like Mission Bay, Treasure Island, a number of vacated and unused piers, Seawall Lot 337, and Hunter’s Point [...]