As we first reported last April with respect the San Francisco Giants’ plans to develop San Francisco’s Seawall 337, also known as the Giants Parking Lot A:
The four year old plans to develop San Francisco’s Seawall Lot 337/Pier 48 dubbed “Mission Rock” have officially been dusted off with the Giants and their surviving development partner, the Cordish Cos., touting a plan to break ground for the massive project, currently the site of the San Francisco Giants Parking Lot A, by 2015.
The 27-acre development would yield up to 1,000 housing units, 125,000 square feet of retail (down from 240,000), 1.7 million square feet of office space (up from a million), a garage with 2,690 parking spaces, and over eight acres of public open space.
With financial partner Cordish Cos. having since pulled out of the project, the Giants are now going it alone and are slated to seek Port Commission approval of the financial terms for the development next month, after which the terms will need to be endorsed by San Francisco’s Board of Supervisors.
Once the Term Sheet is endorsed, the Giants can commence the formal Planning process (entitlements, environmental impacts, design approval, etc.) with the team hopeful that they will still be able to break ground by 2015, finishing the development by 2022.