[CPEO-MEF] REUSE: "Construction starts on massive $6 billion Treasure Island [CA] redevelopment"

[Lenny Siegel <lsiegel@cpeo.org>]

Construction starts on massive $6 billion Treasure Island redevelopment

by Roland Li
San Francisco Business Times (CA)
March 31, 2016


Infrastructure work has begun on the $6 billion Treasure Island and Yerba Buena Island redevelopment, one of the largest mixed-use projects in the Bay Area with 8,000 residential units planned.

A development partnership of Lennar Urban (NYSE: LEN), Kenwood Investments, Stockbridge Capital Group and Wilson Meany started work last week, which will include demolition of 40 existing structures, new roads, utilities and parks. The first phase will include around 2,100 residential units, up to 500 hotel rooms and 90 acres of parks, built on around 45 acres on Treasure Island's western shoreline and the 80-acre Yerba Buena Island.

“It’s taken almost two decades to get to this point and we’re eager to transform this former naval base into a vibrant community with more housing, jobs and economic opportunities for our residents," San Francisco Mayor Ed Lee said in a statement.

…

For the entire article, see
http://www.bizjournals.com/sanfrancisco/blog/real-estate/2016/03/treasure-island-contruction-lennar-wilson-meany.html

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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