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Two Firms Vie to Redevelop Piers 27-31

SAN FRANCISCO-Chelsea Piers LP of New York and The Mills Corp. of Arlington, VA both submitted proposals to the Port of San Francisco this week, and each is remarkably different.

By Becky Bergman | Updated on December 07, 2000

SAN FRANCISCO-Two developers are competing for the right to develop a sports facility on San Francisco piers 27-31, which spans 19 acres and currently includes 486,000-sf of warehousing space. Chelsea Piers LP of New York and The Mills Corp. of Arlington, VA both submitted proposals to the Port of San Francisco this week. The winning proposal will be selected some time next year.

The Mills Corp., a real estate investment trust with waterfront projects in Boston, Baltimore and Miami, is proposing 250,000-sf of office space, a 100,000-sf YMCA facility, 120,000-sf of “recreational retail” space and 80,000-sf of cafes and restaurants. “Recreational retail” is referred to as stores that offer some type of recreation in addition to selling product, like an outdoor equipment store with a rock-climbing wall.

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