CFAH

The ten year lease between the City and County of San Francisco and the China Basin Ballpark Company, a subsidiary of the San Francisco Giants, for Seawall Lot 337, also known as Parking Lot A, expired at the end of 2009 and has been month-to-month since.

Slated for development, but struggling to secure equity investors since 2010, the proposed development of Seawall Lot 337 and Pier 48 (a.k.a. Mission Rock) was expected to start in 2013 and yield 875 housing units, 1 million square feet of office space, 240,000 square feet of shops and restaurants, 180,200 square feet of exhibit/event space, 8.7 acres of public open space and 2,650 parking spaces over the next 17 years.

This week, San Francisco’s Board of Supervisors will vote on a resolution to approve a new five year lease for the China Basin Ballpark Company, effectively delaying the development of Seawall 337 until at least 2017.

Comments from Plugged-In Readers

  1. Posted by RobBob

    In the business world the option to do things are worth money. Shouldn’t they try to let others publicly bid on this lease? Maybe they can get them to cut out additional space for a second school zoned site in the area.

  2. Posted by anon

    Ugh, terrible news. That parking lot is one of the worst blights on this area.

  3. Posted by Ivan

    What about the Warriors?

  4. Posted by FreeSF

    Yeah, SF could use and NBA team!

  5. Posted by anon

    “That parking lot is one of the worst blights on this area.”
    I have lived in the area for about 10 years now and those parking lots are disappearing one by one.

  6. Posted by anon

    ^And now the worst one will be around for at least five more years. That’s terrible, terrible news for Mission Bay – it might end up being a nice area for the next generation…

  7. Posted by grrr

    WE need a 20000 seat arena ASAP.

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