With the adjacent Pier 70 project having been approved, the preparation of the required Environmental Impact Report (EIR) for the even larger Potrero Power Plant site project, the preliminary plans for which we first revealed a couple months ago, is about to get underway.
As envisioned by the development team, which includes Meg Whitman and Associate Capital, the proposed 5.4 million-square-foot development would yield around 2,700 dwelling units; 220 hotel rooms; 600,000 square feet of office space; 700,000 square feet of R&D or PDR space; over 100,000 square feet of retail (including a new grocery); and parking for around 2,600 cars and 1,700 bikes with a dedicated bike land down 23rd Street and 6.3 acres of open space or parks upon the 29-acre Central Waterfront site at 1201 Illinois Street which is bounded by Illinois, the Bay, 22nd and 23rd Streets.
While the current zoning for the 1201 Illinois Street site limits its development to 65 feet in height, the proposed plans call for buildings up to 300 feet tall and the development team is aiming to have the zoning amended as it was for the Pier 70 project.
And in terms of timing, the team is currently aiming to break ground in 2020 and build in phases over the course of 16 years, completing the massive development circa 2036. We’ll keep you posted and plugged-in.