By Laura Waxmann | Jul 13, 2020 | San Francisco Business Times
“Staff is recommending that the San Francisco Port Commission select a $383 million proposal from Pacific Waterfront Partners to remake Piers 38 and 40 in South Beach into a waterfront playground and community market.
The plans will be presented to the commission Tuesday, with a formal vote to enter into negotiations with the San Francisco developer likely to come Aug. 11. The commission issued a request for proposals for the piers, which sit just north of Oracle Park, in October.
The PWP proposal was recommended over a competing bid from Emeryville-based Orton Development Inc., which pitched a $150 project to build an aquatic park and restaurants and retail. PWP and ODI did not immediately return messages seeking comment Monday…”
By Kevin Truong | Mar 23, 2017 | San Francisco Business Times
“The sale of the upscale Piers waterfront office and retail complex for $103 million nearly broke records for the highest price per square foot ever paid on a property in San Francisco, at $1,250 per square foot.
Invesco Real Estate picked up the property from the California State Teachers’ Retirement System and Pacific Waterfront Partners LLC.
In 2001, when developer Pacific Waterfront Properties won a 66-year ground lease from the Port of San Francisco to develop what would become The Piers, the site was dirty, distressed and falling into disrepair…”