March 31, 2016 Comments Off on Lennar, Wilson Meany Initiate $6B Treasure Island/Yerba Buena Island Redevelopment Views: 473 Bay Area, California, California News, West

Lennar, Wilson Meany Initiate $6B Treasure Island/Yerba Buena Island Redevelopment

Treasure Island Community Development (TICD) initiated a decade-long construction process for its ambitious $6-billion redevelopment of Treasure Island/Yerba Buena Island. The joint-venture between Lennar Urban and Kenwood, Stockbridge Capital Group and Wilson Meany plans to develop a mixed-use, high-density project on roughly 80 acres on Yerba Buena Island, and 45 acres on Treasure Island.

The first phase includes approximately 2,100 homes, up to 500 hotel rooms, retail, reuse of historic buildings, and approximately 90 acres of parks and open space. The final project is approved for up to 8,000 homes, 140,000 square feet of commercial and retail space, 100,000 square feet of office space, and as many as 500 hotel rooms.

Wilson Meany’s Chris Meany says, “During the next decade, we will be creating a new place with panoramic views of the San Francisco Bay, and it will be just minutes from San Francisco’s Financial District.”

Read More at San Francisco Business Times

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