The San Francisco Port Commission has approved an amended plan to split Piers 30-32 from the residential development across the Embarcadero at San Francisco’s Seawall Lot 330. The lot splitting was requested by Strada Investment Group to pause the office project and build over seven hundred units on the triangular lot at Bryant Street and the Embarcadero. Both properties are currently owned by the city.
New plans have been presented to the SF Port to redevelop Piers 30 and 32 along the Embarcadero. The updated proposal reduces the space with a new focus on retail and recreation, including a market hall, kayak launch, and a more prominent floating pool barge. Strada Investment Group and Trammell Crow are responsible for the development.
The San Francisco Port Commission has paved the path for Strada Investment Group and Trammell Crow to develop Piers 30-32 in SoMa, San Francisco. The Port commission granted of right for exclusive negotiating to the joint development team and gave a four-month window for them to drop the project without a fee. The development is expected to raise $1.18 billion in private investment for construction, which excludes the cost of funding for the 150-unit affordable residential building.