The Potrero power plant that sits along the city's southeastern waterfront was shut down not quite five years ago, and now District Development has plans to turn the 21-acre site into a huge mixed-use development. The San Francisco Business Times reports that District Development has begun talks with neighborhood groups about a $2 billion project designed by architects Brick LLC that will include residential, retail, industrial, and office buildings. Site construction would likely take more than a decade, with the first buildings completed by 2018 or 2019.
No plans for the development have yet been filed with the city. The developer instead has chosen to work first with neighborhood groups on the future of the site, which was closed after community concerns over health and pollution. Neighbors have expressed an interest in keeping the site's steam stack intact, but all other plans are still in their early stages. The power plant site is not far from the big Pier 70 development that will begin construction in the next few years and also sits near the India Basin development, making the southeastern waterfront officially one of the hottest development spots in town.
· Aaand? That's a Wrap [Curbed SF]
· Potrero Power Plant to Start Transformation to 3-Million-Square-Foot Development [SF Business Times]
· Previous Coverage of Pier 70 [Curbed SF]