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Port of San Francisco Extends Submittal Deadline for Seawall Lot 337 Development Opportunity Request for Proposals
Competing Development Teams to Join Forces
SAN FRANCISCO, CA. - Thursday, August 21, 2008 –The Port of San Francisco has received a formal request to extend the submittal deadline for the Seawall Lot 337 Request for Proposals (RFP) an additional thirty days to September 26, 2008. The 16-acre site is located immediately south of AT&T Park and is currently used for surface parking.
On May 26, 2008, the Port issued a Request for Proposals to two development teams inviting them to submit detailed development proposals with a submittal deadline of August 27, 2008. On August 19, 2008 the teams, one lead by The Cordish Company and including the San Francisco Giants and Farallon Capital Management, the other headed by Boston Properties and including Wilson Meany Sullivan and Kenwood Investments, jointly informed the Port of their decision to combine forces and work together “to devise the best possible design for the site, and to increase the likelihood that a financially beneficial and viable project can move forward and begin generating revenues for the Port.”
In light of a recent article in a local newspaper, the Port Commission, at its August 12, 2008 meeting, reaffirmed its commitment to the objectives and criteria of the RFP. The Port Commission also recognized an additional period of time beyond the August 27, 2008 submittal deadline would likely be warranted to foster submittals of the highest quality with the greatest chance of eventual Commission acceptance.
The Port of San Francisco is a self-revenue generating agency of the City and County of San Francisco, which manages a broad range of commercial, maritime, and public-access facilities along 7½ miles of the city’s waterfront that are held in public trust for the people of California.
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08/21/08
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