The prospect of a large mixed-use development on a 17-acre parking lot in the center of San Francisco took a substantial step forward this week.
"San Francisco Mayor London Breed has finalized an agreement with the developers of the Balboa Reservoir, a key milestone in winning approvals of a controversial plan that would add 1,100 homes to the 17-acre parking lot next to City College," reports J.K. Dineen in a paywalled article for the San Francisco Chronicle.
"The development agreement includes a commitment that the developers — Bridge Housing, AvalonBay and Mission Housing — make 550 of the units affordable," adds Dineen "It will also include 4 acres of open space, a large child care center, a community center, and $10 million in fees to the city for transit and infrastructure improvements."
Ida Mojadad also reported on the project at the beginning of April, before the recent agreement, providing additional background on the most recent iteration of a project that has fought against local opposition for years. Additional background on the project is available at the project website and the San Francisco Planning website.
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