Pier 70's Building #21 Electric Shop/Substation #5, built c1900 [Photo: Liz Henry]
The Board of Supervisors is expected to approve a $100 million development deal with Orton to restore the 65-acre pier. This comes hot on the heels of the Mayor's announcement of the city's $58 million investment in the site. The project will restore the core of the 65-acre pier, rehabbing six historic buildings into space for office workers, retailers, artists and manufacturing companies. The plan for the shipbuilding center has been in the works for a long time, but no developer had pulled the trigger to start a project. Orton has experience with major industrial sites like Pier 70 - they headed a restoration project on the old Ford Assembly Plant on Richmond's waterfront. If all gets approved, work is tentatively scheduled to start next spring, with the first tenants moving in by late 2014. According to SF Gate, Forest City is also in negotiations for a 25-acre site on the pier that could turn into offices, biotech facilities, studios and other areas for the arts, along with open space, although a final agreement is probably two years down the road.
· Plan to bring Pier 70 back to life [SF Gate]
· Previous coverage of Pier 70 [Curbed SF archives]