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Developers On Edge Over Waterfront Project

SAN FRANCISCO-A 19-acre opportunity opened up at the foot of Telegraph Hill and two developers--Virginia-based Mills Corp. and Chelsea Piers--are head to head over which will get the chance to develop it.

By Marsha Trent | Updated on March 30, 2001

SAN FRANCISCO-Two developers battling for the right to develop Piers 27-31, a 19-acre parcel at the foot of Telegraph Hill on the San Francisco Bay. The developers are Virginia-based Mills Corp and Chelsea Piers. A decision between the two is expected soon.

Chelsea Piers developed a similar project on the Hudson River six years ago. Its plan for San Francisco is to convert the buildings on the site into 532,000 sf of sports and recreation facilities, a new home for the San Francisco Bay Club and restaurant, retail and commercial areas with 250,000 sf of open space.

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