SAN FRANCISCO-Two prominent developers are competing to take on the redevelopment of Pier 38, a run-down waterfront structure that until a couple of years ago was illegally used as a hub for technology startups and venture capital companies.
TMG Partners and San Francisco Waterfront Partners have both responded to a Port of San Francisco solicitation for a developer to repair and lease out the Pier 38, says a report in the San Francisco Business Times.
Whoever gets the project will also be asked to recreate the sort of vibrant community of tech startups that was shut down in 2011. Both firms envision food and restaurant uses as a major part of any new project. Port staff will recommend a winning proposal to the Port Commission on Sept. 10.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
