Mission Rock to be Centerpiece for Central Waterfront

SAN FRANCISCO—Since 2010, when the San Francisco Giants were selected as the master developer, the team has collaborated with the Port, city agencies, stakeholders and neighbors on the overall vision for the new neighborhood. Fast forward to today when the Giants announced the selection of Tishman Speyer as its joint venture partner to develop the waterfront Mission Rock mixed-use neighborhood near AT&T Park.

“Tishman Speyer’s outstanding track record here in San Francisco and around the world makes them an ideal partner to work with us to deliver this vision for our city,” said Laurence M. Baer, Giants president and CEO.  “In particular, their attention to quality design and local neighborhood character will serve the project well as we transform 10 years of public planning and design into a reality.”

Now, as co-master developer and general partner, Tishman Speyer will bring its expertise to work alongside the Giants to design, build, lease and program this new San Francisco neighborhood.

“Larry Baer and his organization should be commended for their long-standing commitment to this project, which represents a once-in-a-generation opportunity to build an exciting new community,” said Rob Speyer, Tishman Speyer president and CEO.

Mission Rock is a public-private partnership with the Port of San Francisco, and the city and county of San Francisco. It will serve as a centerpiece for the emerging Central Waterfront neighborhood and will include:

Approximately 1,400 residential rental units, with 40% affordable to low and moderate income families;

8 acres of parks and open space, including a signature waterfront park;

Up to 1.4 million square feet of new office space;

250,000 square feet of neighborhood-serving retail and local manufacturing space;

Parking structure to serve ballpark and neighborhood needs;

Rehabilitation of historic Pier 48;

Public waterfront access and improvements, including a segment of the Blue Greenway trail connection from Embarcadero to Hunters Point;

Thousands of construction and permanent jobs.

“We have observed for many years how the Giants, the city and the Port leaders have worked so closely with the surrounding community to create a plan for maximum public benefit,” says Tishman Speyer senior managing director Carl Shannon. “We look forward to partnering with them to now extend that engagement and execute the plan, making their collective vision a reality.”