Plans of redevelopment Treasure Island
Plans of redevelopment Treasure Island
After returning ownership of Treasure Island by Navy to the City, developers are planning to rebuild the island within eight years or more.
The island was built in 1936 and 1937 as an extension to the other island called Yerba Buena. But when the World Word II came the island went into the US Navy possession and it lost its destination. Thirteen years ago the Navy left the island still holding the ownership where now are businesses, government offices, and renters. The Navy though soon is planning to give back the ownership to the city. Details of rebuilding Treasure Island are presented below:
|
Redevelopment of Treasure Island |
|
|
Residential |
|
|
Units in four skyscrapers* |
1,320 |
|
Units in 14 residential towers* |
1,740 |
|
Apartments in four-story buildings on Treasure and Yerba Buena islands* |
500 |
|
Timeshare, hotel and wellness spa rooms |
600 |
|
Commercial |
|
|
Institutional space (school, police, fire departments and a sailing center) in sq. feet |
135,000 |
|
Stores (restaurants and entertainment venues) in sq. feet |
270,000 |
|
Commercial space (ferry terminal, museum, and parking) |
325,000 |
*Minimum
Source: San Francisco Office of Economic and Workforce Development