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Football Team Backs Proposed $200-Mil Mixed-Use Project; Baseball Backs Rival Developer

SAN FRANCISCO-The 49ers has announced support for the Mills Corp. and the YMCA, which have proposed a $200-million mixed-use recreational development. The Giants support New York-based Chelsea Piers on its 500,000-plus-sf project.

By Becky Bergman | Updated on February 08, 2001

SAN FRANCISCO-The Mills Corp. and the YMCA are planning a waterfront mixed-use project here that could cost as much as $200 million. The San Francisco 49ers football team has expressed interest in developing sports programs for the venture. The Arlington, VA-based company is going head to head with New York-based Chelsea Piers for the rights to develop the 19-acre site at piers 27-31 at the base of Telegraph Hill. Both companies have submitted proposals to the Port of San Francisco that call for a mix of recreational, retail and office space, plus significant open space along the 87-year-old piers. The port is expected to select a winner late next month.

Mills Corp.’s project calls for 250,000 sf of office space, a 100,000 sf YMCA facility and 120,000 sf of recreational retail–stores that offer products coupled with activities such as rock climbing. Also part of their proposal is 141,000 plus sf of indoor recreation, 519,000 sf of open space, 434,000 sf of office, retail and restaurant space and 170 parking spaces in the pier 31 shed. In addition, it has indicated it will pay $14 million in rent to the port over 10 years.

The relationship between shopping mall developer Mills Corp., the YMCA and the San Francisco 49ers is nothing new. The three have been involved in the football team’s plans for a new stadium/mall complex at Candlestick Point, which is still on the drawing board. The Mills-49er partnership is similar to the relationship between Chelsea Piers and the San Francisco Giants.

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