Mission Bay

 

The Mission Bay Project, a public/private partnership with the San Francisco Office of Community Investment and Infrastructure, involves the transformation of a 303 acre former rail yard into a vibrant, high-density, transit-oriented community. 

ENTITLEMENTS

 

 

 

 

 

 

 

 

Partner in the public process

• Sat side-by-side with the former Redevelopment Agency  in seeking      public buy-in and development of shared goals

 

• Work continually with Agency, CAC and community groups to

   address new challenges as they arise

Collaborator in planning and design

• Brought together community stakeholders to set vision

   and guidelines

 

• Continue to work hand-in-hand with the Agency to reinforce

   standards and apply lessons learned

 

 

 
Processor of permits
• Oversaw preparation of immense number of supporting documents

 

• Secured permits from wide variety of local, state and federal agencies

 

 

Coordinator of approval processes

• Developed plan for sequencing of approvals to address prerequisites

 

• Parallel tracked approvals when feasible to compress schedule

BOTTOM LINE: A fully approved project whose entitlements have stood the test of time and allowed development to proceed continually for over a decade.
Advisor on Public Financing

• Worked side-by-side with Agency’s finance director to time

   and size CFD and tax increment bonding appropriately 

 

• Educated underwriters on merits and stability of project to

   minimize public interest costs / maximize bond proceeds

 

FINANCING

 

 
Securer of private capital

• Delivered a steady private capital partner capable of enduring

   market cycles 

 

• Managed partner’s capital wisely to leverage other resources

   and keep project viable

 

 

 

 

Allocator of Available Resources

• Managed the phasing of capital deployment to leverage limited

   resources

 

• Concentrated targeted investment in the infrastructure most likely

   to spur additional private investment

 
 
Advocate in the Pursuit of Outside Sources

 

• Successfully promoted Mission Bay as a priority project for

   outside funding

 

Collaborated with Agency and City staff to secure environmental    

   remediation funds, pursue infrastructure and affordable housing

   grants,and stimulus funds

 

BOTTOM LINE: Leveraged over $400 million of direct investment in approvals and infrastructure into over $4.5 billion of private investment and vertical development, heading towards $9+ billion.

 

DEVELOPMENT

 
 
Builder of infrastructure + buildings

• Built over $400 million of new streets, utilities and parks

 

• Built three of the first buildings to establish demand and catalyze

   activity

 

 

Deal Maker with Third Party Builders and Users

• Landed an “anchor” tenant in the form of UCSF’s campus and

   subsequent medical center

 

• Completed two dozen land sales to over a dozen different

   developers and users

 

Implementer of Public Benefits

• Constructed over 15 acres of new parks and open space

 

• Driven private investment to levels that generate significant tax

  increment to finance public infrastructure and affordable housing

 

Employer providing Jobs and Training

• Development activities generated thousands of construction and    

   permanent jobs.

 

• Made tangible changes to contracting processes to raise LBE

   participation levels to nearly 40%

 

BOTTOM LINE: Project 50%+ built; land 90%+ sold to builders and end users; over a dozen private entities investing their own resources; hundreds of new affordable housing units; thousands of new residents; and over 15 acres of open space — all with more to come.

 

© 2020 Mission Bay Development Group. LLC    

401 TERRY A. FRANCOIS BLVD. SUITE 122  |  SAN FRANCISCO, CALIFORNIA 94158  |  phone 415.355.6600  |  www.mbaydevelopment.com