While sales for housing on Yerba Buena Island are underway, the first sign of concrete is finally visible on Treasure Island. The first of many buildings to come is rising at parcel C3.2, a 100% affordable housing development called the Maceo May Apartments. Its 105 units are a fraction of the largest master plan for residential construction in the Bay Area. The approximately 8,000-unit plan for the two islands is being developed by Treasure Island Community Development (TICD), a partnership with Stockbridge Capital Group, Wilson Meany, and Lennar Corporation.
The Maceo May Apartments is a $75 million six-story modular building. The structure spans 104,500 square feet for 105 units, ranging from studios to two-bedroom units for formerly homeless veterans and their families. The project will be delivered to the Chinatown Community Development Center and Swords to Plowshares, a Bay Area-based developer.
Mithun is responsible for the architecture. The facade will feature a sleek design with a white facade, and bronze-toned highlights sat on top of a recessed base with curtain wall and dark panels. The project is expected to be finished by 2022.
The property is opposite from C2.1, which is expecting a 345-foot mixed-use tower with design by Handel Architects. The building will produce 265 dwelling units and parking for 189 vehicles across 545,480 square feet.
The Maceo May Apartments is a part of phase one in construction, which has a combined 3,571 unit build-out, the largest of the four phases. Phase one will also introduce the adaptive reuse of existing buildings, 202,000 square feet of office, 67,000 square feet of retail, and 42,000 square feet of circulation space.
There will be 140,000 square feet of retail, 300 new hotel rooms, and 100,000 square feet of new offices for new buildings. 72.4 acres of public and open space will reshape what is currently the very inaccessible Yerba Buena Island. There will be 31.2 acres of open public space on Treasure Island.
Phase two will create 1,243 apartments, phase three will create 1,017 units, and phase four will create 2,169 units by 2036, depending on market conditions. There will be at least 2,150 affordable houses at full build-out, along with 290 acres of public open space between Treasure Island and Yerba Buena Island.
The master plan is the work of SOM, who wrote that “The design proposes three compact neighborhoods organized around a town center and ferry terminal — a layout intended to encourage walking, bicycling, and using mass transit.”
The current approximate target to finish phase one is around 2026 to 2027, after existing residents move into new housing and ferry services begin in 2023. Bus services to Oakland and the East Bay will start in the summer of 2023, with MUNI services increasing by 2027.