Treasure Island Development

The Treasure Island Development is a 405-acre (164 ha) major redevelopment project under construction^[1] on Treasure Island and parts of Yerba Buena Island in San Francisco Bay between San Francisco and Oakland, within San Francisco city limits. The Treasure Island Development Authority (TIDA) is a nonprofit organization formed to oversee the economic development of the former naval station. Treasure Island's development was set to break ground during mid-2012.^[2] However, on April 12, 2013, The San Francisco Chronicle reported that the deal has collapsed, with the Chinese investors from China Development Bank and China Railway Construction Corporation withdrawing from the project.^[3] The Treasure Island Project is now^{[as of?]} being developed by a joint venture between Lennar Corporation and Kenwood Investments.^[4] The development is expected to cost US$1.5 billion.^[4]

Treasure Island Development Authority

The Treasure Island Development Authority (TIDA) is a nonprofit organization city agency that oversees the economic development of Treasure Island. The Authority has a seven-member Board of Directors who were appointed by the former Mayor of San Francisco, Ed Lee. The Board of Directors oversees the goal of reusing the island in an environmentally and economically viable way, as well as creating and minting the master development plan.^[5] The current members of TIDA^[6] are:

Name
V. Fei Tsen, President
Linda Richardson
Jean-Paul Samaha
Mark Dunlop
Sharon Lai
Paul Giusti
(vacant seat)
Supervisor Matt Haney - Ex-officio

TIDA strives to achieve success in the following goals: "Leadership in Sustainability, Establishing a Regional Destination, Unique San Francisco Neighborhood, Creating Community Benefits/ Job Opportunities"^[7]

Master plan

The master plan calls for all residences to be within a 10-minute walk of all basic goods. A new ferry terminal would connect to a retail center as part of an urban core with a 40-story tower and hotels. Three distinct residential neighborhoods would radiate from the core area and feature townhouses, along with flats and a 14-story residential tower. Also proposed are five high-rise towers, a K-8 school, 450,000 sq ft (42,000 m²) of retail and commercial buildings, a 275-acre (111 ha) park, a 20-acre (8.1 ha) organic farm, and a 400-ship marina and beach along with state-of-the-art community facilities. The entire redevelopment would take 20 to 30 years to build and would create 8,000 new households for approximately 20,000 people. The development is expected to cost US$1.5 billion.^[4]

Buildings in the development

Name	Floors
Sun Tower	60
Treasure Island Tower I	40
Treasure Island Tower II	40
Treasure Island Tower III	40
Treasure Island Tower IV	40

Project status

The City of San Francisco has been working to redevelop the 404-acre (163-hectare) island since the US Navy closed its base on the island during 1997. The Treasure Island Project is being developed by a joint venture between Lennar Corporation and Kenwood Investments.^[4] On June 7, 2011, the San Francisco Board of Supervisors voted 11-0 to approve the project, City officials are now^[timeframe?] working with the US Navy on a property transfer. The project would create 3,000 permanent jobs and 2,000 construction jobs.^[8] Currently,^[timeframe?] Treasure and Yerba Island are home to 1,800 residents, who have access to a commercial area, restaurants, schools, community organizations, event venues, sporting clubs and athletic leagues.^[9]

Construction of the large development started in March 2016.^[10]

Criticisms

Critics of the project say the island's soil might be toxic.^[11] The land is prone to subsidence and liquefaction in event of an earthquake.^[12]

After the city of San Francisco initially approved the project in 2011, a group called "Citizens for a Sustainable Treasure Island", led by then-former city supervisor Aaron Peskin, filed a lawsuit against the city and the developer, out of concern that the project's impact on environment and traffic had not been properly reviewed.^[13] The courts rejected the complaint, with the California Supreme Court declining an appeal in October 2014.^[13]

References

^ http://www.sfexaminer.com/construction-begins-long-awaited-treasure-island-development/
^ Amy Clemens (November 2007). "How high San Francisco? Treasure Island tower raises important questions". The Sierra Club Yodeler. Archived from the original on 20 July 2011. Retrieved 1 September 2010.
^ Matier, Phillip; Ross, Andrew (April 11, 2013). "S-F-China-development-deal-falls-apart". The San Francisco Chronicle.
^ ^a ^b ^c ^d Matlock, Kelly. "Reawakening Treasure Island". NewcitySkyline. Archived from the original on 2008-05-31. Retrieved 16 November 2010.
^ http://sftreasureisland.org/about-tida
^ http://sftreasureisland.org/board-directors
^ http://sftreasureisland.org/development-project
^ kane, will (June 8, 2011). "S.F. approves Treasure Island plan". sfgate. Retrieved June 8, 2011.
^ http://sftreasureisland.org/visit-treasure-and-yerba-buena-islands
^ http://www.sfexaminer.com/construction-begins-long-awaited-treasure-island-development/
^ http://www.sfgate.com/bayarea/article/Is-Treasure-Island-toxic-Residents-worries-grow-5238789.php
^ http://www.unh.edu/nges/treasure.html
^ ^a ^b Wang, Kristy (2014-12-10). "At Last, Thousands of New Housing Units on the Way in SF". SPUR. Retrieved 2015-11-01.

External links and further reading

Treasure Island official website at the City and County of San Francisco
Information about the development from the SF Office of Economic and Workforce Development
"Plan for Treasure Island Clears Hurdle, but Serious Issues Remain" article by Zusha Elinson in The New York Times April 23, 2011
Through two mayors, connected island developers cultivated profitable deal Public Press 2010
Specter of conflict of interest for Newsom / Developer, fund-raiser seeks Treasure Island deal SFGate 2004
Treasure Island Trouble Has Grand Jury Writing Mad / Report takes special slam at S.F. mayor SFGATE 1998

37°49′33″N 122°22′30″W / 37.825956°N 122.375122°W / 37.825956; -122.375122

[1] ttp://www.sfexaminer.com/construction-begins-long-awaited-treasure-island-development/

[2] Amy Clemens (November 2007). "How high San Francisco? Treasure Island tower raises important questions". The Sierra Club Yodeler. Archived from the original on 20 July 2011. Retrieved 1 September 2010.

[3] Matier, Phillip; Ross, Andrew (April 11, 2013). "S-F-China-development-deal-falls-apart". The San Francisco Chronicle.

[Treasure-4] Matlock, Kelly. "Reawakening Treasure Island". NewcitySkyline. Archived from the original on 2008-05-31. Retrieved 16 November 2010.

[5] ttp://sftreasureisland.org/about-tida

[6] ttp://sftreasureisland.org/board-directors

[7] ttp://sftreasureisland.org/development-project

[8] , will (June 8, 2011). "S.F. approves Treasure Island plan". sfgate. Retrieved June 8, 2011.

[9] ttp://sftreasureisland.org/visit-treasure-and-yerba-buena-islands

[10] ttp://www.sfexaminer.com/construction-begins-long-awaited-treasure-island-development/

[11] ttp://www.sfgate.com/bayarea/article/Is-Treasure-Island-toxic-Residents-worries-grow-5238789.php

[12] ttp://www.unh.edu/nges/treasure.html

[:1-13] Wang, Kristy (2014-12-10). "At Last, Thousands of New Housing Units on the Way in SF". SPUR. Retrieved 2015-11-01.

[1]

[2]

[3]

[4]

[5]

[6]

[7]

[8]

[9]

[10]

[11]

[12]

[13]

v t e Tallest buildings in San Francisco
Skyscrapers over 500 feet (150 m)	Salesforce Tower Transamerica Pyramid 181 Fremont 555 California Street 345 California Center Millennium Tower One Rincon Hill The Avery Park Tower at Transbay Salesforce West 101 California Street 575 Market Street Four Embarcadero Center One Embarcadero Center 44 Montgomery One Market Plaza Spear Tower One Sansome Street The Harrison One Front Street First Market Tower McKesson Plaza 425 Market Street 706 Mission Street One Montgomery Tower
Highrises over 400 feet (120 m)	333 Bush Street Hilton San Francisco Union Square Tower I Pacific Gas & Electric Building 50 California Street 555 Mission Street St. Regis Museum Tower 100 Pine Center 45 Fremont Street 333 Market Street 650 California Street 100 First Plaza 340 Fremont Street 399 Fremont Street 500 Folsom One California San Francisco Marriott Marquis Russ Building 140 New Montgomery Jasper MIRA The Infinity II JPMorgan Chase Building The Paramount Providian Financial Building Three Embarcadero Center Two Embarcadero Center Salesforce East 595 Market Street 123 Mission Street 101 Montgomery Embarcadero West 100 Van Ness Avenue LUMINA Fifteen Fifty
Highrises over 300 feet (91 m)	One Maritime Plaza Four Seasons Hotel 415 Natoma Street Westin St. Francis 33 Tehama Street 456 Montgomery Plaza 535 Mission Street Shell Building Park Central Hotel San Francisco 222 Second Street 199 Fremont Street One Market Plaza Steuart Tower Hilton San Francisco Financial District 425 California Street 100 Montgomery Street Grand Hyatt San Francisco Fox Plaza 101 Second Street NEMA 580 California Street 601 California Street The Infinity I Hilton San Francisco Union Square Tower II 450 Sutter Street InterContinental San Francisco Stevenson Place BridgeView 150 California Street 225 Bush Street 505 Montgomery Street Blue Shield of California Building Fairmont San Francisco 180 Montgomery Street KPMG Building Central Plaza The Summit W San Francisco 353 Sacramento Street 555 Market Street Bank of California Building Phillip Burton Federal Building Ritz-Carlton Club and Residences San Francisco Marriott Union Square 88 Kearny Street 388 Market Street Commercial Union Assurance Building Hunter-Dulin Building One Bush Plaza McAllister Tower Apartments 301 Howard Street Mark Hopkins Hotel Mills Tower Central Tower Solaire
Under construction	Oceanwide Center I & II
Planned and proposed	Palace Hotel Residential Tower Treasure Island development 5M Project 524 Howard Street
See also: San Francisco Designated Landmarks, Buildings and structures in San Francisco