An update from Frederick Allardyce (President of the Barbary Coast Neighborhood Association) on the proposed development of Seawall Lot 351 (and by extension, the proposed 8 Washington Street Project):
This lot probably is the most valuable parcel (individually or by $ per square foot) not only in the Ports portfolio, but perhaps in the entire city. The success of the Port’s development of this parcel, may lead the Port into successfully developing the other [seawall] lots north of Market Street, which still have State Lands Use Zoning (which does not allow residential use). This parcel has been proposed as the central portion of a 170 unit luxury condominium project, of which many of the proposed units would sell for higher than any of the units at the Millennium ($2,000 to $3,000 per sq ft).
The Ports first hearing on this project was Monday, April 14th at which several hundred interested parties came and participated in a “neighborhood” analysis of the various possible uses” of this parcel and other parcels on the Waterfront. The SF Planning Department, which led 9 different discussion groups at the meeting found that the vast majority (some groups as high as 85%) wanted SWL 351 to remain as “Open Space and or Recreational”. Of the over 150 in attendance only 1 voted for an 84 foot tall building (which is 52% higher than the 55 ft tall Embarcadero Freeway). The vast majority wanted recreational facilities and a new bus system from the Ferry Building to the existing parking at the Alcoa Building (One Maritime Plaza) and the Embarcadero Center that could replace the possible removal of parking adjacent to the Ferry Building.
Any guesses as to the makeup of those 150 interested parties and what “interests” they represented?