After Many years Of Ready, New Housing Models Taking Form On San Francisco’s Treasure Island – CBS San Francisco
SAN FRANCISCO (KPIX 5) – It took a quarter of a century of planning, but a new treasure island is taking shape in San Francisco Bay.
On Wednesday, the Mayor of London Breed received a tour of the massive expansion of the city’s housing stock and the Bay’s ferry fleet.
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“We can’t stop here,” said Breed. “This is a project that has been in the works for over 20 years. And it shouldn’t be long before we’re building apartments in San Francisco. “
Breed toured what could be called a housing estate. You could also call it the comprehensive transformation of two San Francisco Islands, from the new water tanks on Yerba Buena to the massive redistribution of the earth on Treasure Island.
The focus on Wednesday, however, was on the two buildings nearing completion, one with 124 mostly market-line condominiums visible from Bay Bridge, as well as a 105-unit building for homeless veterans.
“Eight thousand units are planned for Treasure Island,” said Sherry Williams of One Treasure Island. “And over 2,000 of them will be affordable units.”
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The two buildings thus mark the beginning of a massive expansion to hundreds of millions of dollars in infrastructure improvements. And that includes the means of transport that the mayor took over for the tour on Wednesday, the new Treasure Island Ferry, which is scheduled to go into operation on January 1st.
“As long as it’s a reasonable price, I’ll probably take more than the bus,” said Treasure Island resident Gregg Dockins.
Dockins says he and other residents have known their old apartment briefly and would like to believe it is in the new TI. there will be a place for them
“I’m not entirely sure how Treasure Island management will approach these things in the future,” Dockins said. “Whether those of us who have lived here for a long time or who are given priority in these new units, or whether we have to apply like everyone else.”
These questions can take a long time to be answered. The project, pursued by security concerns, has so far advanced slowly. The timeframe for completion is long.
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“Well, it will probably be 15 years before it is fully expanded by 2035, 2036,” said Robert Beck of the Treasure Island Development Authority. “The transformation that you will experience in the next 2 1/2, three years will be remarkable.”
