San Francisco’s New Treasure: Mixed-Use Communities on Bay Islands
By
Tony Seruga
Construction work has begun on a massive redevelopment project at Treasure and Yerba Buena Islands.

Treasure Island, San Francisco
San Francisco—Construction of one of San Francisco’s largest
mixed-use projects is underway at Treasure and Yerba Buena Islands, where a massive $6 billion redevelopment of a former naval base has entered its first phase.
Phase One of the development in San Francisco Bay, which will eventually have 8,000 residential units, includes about 2,100 units along with about 500 hotel rooms, retail and 90 acres of parks and open space, according to the Treasure Island Community Development. TICD is a joint venture between
Lennar Urban,
Kenwood Investments,
Stockbridge Capital Group and
Wilson Meany. The joint venture recently took possession of lands in the first phase from the
Treasure Island Development Authority, the city agency overseeing the redevelopment project…
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