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Two Move Closer to Major Waterfront Project

SAN FRANCISCO-The San Francisco Port Commission asks two of three development teams still in the running for a site next to the AT&T Park stadium to submit RFPs.

By Brian K. Miller | Updated on April 22, 2008

SAN FRANCISCO-Two development teams in the running for a prime development site next to the AT&T Park stadium will move forward into the detailed proposal stage, the San Francisco Port Commission decided Tuesday. Port project manager Phil Williams tells GlobeSt.com that the proposals will be due toward the end of the summer and that a single team will be selected to move forward in the fall.

The two development teams are Boston Properties, with locally based companies Kenwood Investments and Wilson Meany Sullivan, and Cordish Co. of Baltimore, with locally based Farallon Capital Management and the San Francisco Giants. The two other three-person teams responded to the RFQ but recently witdrew. Those teams were Cherokee Investment Partners of Raleigh, NC with locally based companies Build Inc. and UrbanGreen Devco, which withdrew this week, and Federal Development with Lehman Bros. and Construction, Management and Development Inc., which withdrew two weeks ago.

Known as Seawall Lot 337, the development site includes a 14-acre parking lot and a 180,000-sf pier, both located across McCovey Cove from AT&T Park, home of Major League Baseball’s San Francisco Giants. The development site also is considered the gateway to the Mission Bay neighborhood, where the University of California has a 57-acre life science research campus and where more than 3,500 condominiums and apartments have been completed or begun construction since 2002.

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