Supervisors Clear Way for Talks on Warriors’ Waterfront Plan
- Jun 20, 2012
The city has taken a giant leap forward toward luring a new major-league sports franchise now that officials have approved negotiations with the National Basketball Association’s Golden State Warriors. The San Francisco Examiner reports that the city’s Board of Supervisors opted to eliminate the city’s competitive bidding requirement in the case of Piers 30-32, where the Warriors plan to develop a waterfront arena with a signature design.
The decision kick-started negotiations between the NBA franchise and the local Office of Economic and Workforce Development, which will serve as the city’s primary negotiator for the proposed redevelopment. With an agreement on terms expected by September, the plan is on track to go before the city planning commission in late 2013.
On the multi-family development front, Crescent Heights has snapped up its latest parcel—524 Howard Street, a site near the Transbay Transit Center and one of the few remaining Downtown sites of its kind, the San Francisco Business Times reported. Since upzoning is on the way for the Transbay district, Miami-based Crescent Heights could be able to develop up to 300 units. Other local sites owned by Crescent Heights include 1401 Market Street, 45 Lansing Street and 325 Fremont Street.
Image courtesy of Google Maps.