The affordable Maceo May Apartment building has officially opened at 55 Cravath Street on Treasure Island, San Francisco. The six-story modular infill has 104 units dedicated to veterans and their families, a manager’s unit, and amenities. Swords to Plowshares and Chinatown Community Development Center are joint developers.
A recent site visit to Treasure Island by YIMBY reveals significant progress has been made for the region’s most active construction project. Cranes and rising concrete have only started to divulge the scale of the 405-acre vision, nearly three decades in the making, that will redevelop San Francisco’s storied artificial island with a mixed-use urban neighborhood populated by around eight thousand homes. The Treasure Island Community Development joint venture sponsors the project.
Construction has topped out on the first new building in the Treasure Island redevelopment plan. The progress comes as San Francisco’s Mayor London Breed embarked on a boat ride from the Ferry Building to Treasure Island’s new passenger boat terminal last week, ahead of the January 2022 start of public ferry rides. Treasure Island’s roughly 8,000 unit redevelopment plan is led by Treasure Island Community Development (TICD), a partnership with Stockbridge Capital Group, Wilson Meany, and Lennar Corporation.
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.
A new multifamily affordable housing project has broken ground on Treasure Island, San Francisco. This one project, known as the Maceo May Apartments, will add just over a hundred new residential units, of which 65 are for veterans. The six-story structure is a modular construction, yielding 104,000 square feet across the 0.74-acre parcel. The building will be a mix of studios, one-bedrooms, and two bedrooms. The Chinatown Community Development Center and Swords of Plowshare, a Bay Area developer, will be developing the project jointly.