Check the renderings on the abandoned Schlage Lock Factory in Visitacion Valley; after a 10 year lawsuit, Universal Paragon Corp (UPC) is taking ownership of the boarded-up spot. In exchange for the property, UPC kindly dropped their lawsuit against previous owners, Ingersol Rand, but before any construction can begin, they will have to spend a hefty $25 million to decontaminate the site. Apparently making locks isn't exactly environmentally friendly — who knew? Previously, a Home Depot was planned for the site, but was famously defeated by local residents who felt that housing and green space were more appropriate for the southernmost tip of San Francisco.
Ask and ye shall receive: the new plan, designed by Van Meter Williams Pollack Urban Design + Architecture, includes 1,250 new homes (25% affordable), 100,000 square feet of new retail space, and a renovation of the existing factory into a community center. Not to mention new parks, a completely redone street scape, and new pedestrian infrastructure to tie to development to the nearby Caltrain station. This all sounds quite good, but it's still a long time off— clean up and demolition will start this fall, while construction isn't slated to begin until 2010.
· Ingersoll Rand sells Schlage Lock site to Universal Paragon for $450M project [SF Business Times]
· Old Schlage Lock factory in S.F. finally sold [SF Gate]
[images via SF Planning Dept]