While all the teams interested in buying, entitling and redeveloping the western 17 acres of the Balboa Reservoir site, which is currently a 1,000-space parking lot under the jurisdiction of the San Francisco Public Utilities Commission, have submitted their qualifications and preliminary concepts to the City, the finalists will not be announced this Friday as originally slated but rather on Friday, March 10.
The reservoir, which is currently designated for “Public” use with a height limit of 40 feet in height, will need to be re-zoned. And based on years of community input and planning, the rough parameters and expectations for the site call for building heights of 25 to 65 feet, with at least 50% of all proposed housing to be designated as permanently affordable to households with incomes of 55 to 150 percent of the Area Median and 4 acres of new parks and open space.
In addition, the finalists will be expected to collaborate with City College, which borders the property, in areas such as parking, transportation and congestion management.
The Balboa Park Reservoir, which represents one of the largest underdeveloped sites in the city, was built in the 1950’s, has never held a drop of water, and is one of San Francisco’s Public Lands for Housing sites identified for priority redevelopment (back in 2014).