San Francisco Giants select Tishman Speyer as partner on Mission Rock mixed-use development project

The San Francisco Giants have selected Tishman Speyer as its joint venture partner to develop the waterfront Mission Rock mixed-use neighborhood near AT&T Park. The price of the project was not disclosed.

The 28-acre waterfront mixed-use neighborhood will feature parks and open space, affordable and market-rate housing, retail, office and local manufacturing.

Mission Rock is a public-private partnership with the Port of San Francisco and the City and County of San Francisco. Now, as co–master developer and general partner, Tishman Speyer will work alongside the Giants to design, build, lease and program this new San Francisco neighborhood.

Tishman Speyer is a developer, owner, operator and asset manager of real estate around the world, with several projects in San Francisco over the past several years.

Since 2010, when the 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. Mission Rock will serve as a centerpiece for the emerging Central Waterfront neighborhood and will include:

• Approximately 1,400 residential rental units, with 40 percent affordable to low- and moderate-income families.
• Eight acres of parks and open space, including a signature waterfront park.
• Up to 1.4 million square feet of new, high-quality 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.

Tishman Speyer senior managing director Carl Shannon stated that, “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. We look forward to partnering with them to now extend that engagement and execute the plan, making their collective vision a reality.”