JULY 11, 2006 

PIERS 27-31 PROPOSED NEW PLANS

(Time TBA/Ferry Building)

With the final defeat this spring of the Mills Corporation’s proposed massive shopping mall on S.F. Piers 27-31, the question remains: what will happen to these historic piers? 

One possible answer will be unveiled on July 11, when S.F. companies Shorenstein Properties and Farallon Capital Management are scheduled to submit their proposed Piers 27-31 development plans to the Portof San Francisco. When the Port Commission voted in March to approve the transfer of exclusive negotiating rights from Mills to Shorenstein/Farallon, it granted the new developers several months to design a truly recreation-oriented proposal for Piers 27-31. The new plan must be consistent both with the original Port proposal for a recreation project at Piers 27-31 and with the voter-mandated Waterfront Land Use Plan. 

 Any major development on San Francisco’s historic piers must also be approved by state waterfront regulators and deemed consistent with the state’s Public Trust law. Recent news reports indicate state legislation is being pursued to advance projects on this site.