Potrero Power Plant to be Redeveloped

A massive new waterfront development was proposed to replace the old Potrero Power Plant site at 1201 Illinois Street. The site is 29-acres and is bounded by Illinois, 22nd and 23rd Streets.

An extensive cleanup is underway, and the power plant’s old boiler stack and adjacent Power Block structure are slated to be saved.

The California Barrel Company, LLC, with Associate Capital and Meg Whitman as members, said that the new development would have “2,700 residential units; 220 hotel rooms; 600,000 sq ft of office space; 700,000 sq ft of R&D and PDR; over 100,000 sq ft of retail (including a new grocery); and parking for around 2,600 cars and 1,700 bikes with a dedicated bike land down 23rd St and 6.3-acres of open space or parks.”

Here are some drawings of the proposed plan:

To move forward, permission will be needed to demolish around 20 existing buildings on the site, including 4 historic resources: the power plant’s Gate House, Meter House, Compressor House and Station A – all of which have been identified as contributors to San Francisco’s Third Street Industrial Historic District.

Part of the work that needs to be done include seismically stabilizing the power plant’s 300 ft tall Boiler Stack, re-purpose it with ground floor retail space, and convert the adjacent Unit 3 power block – both of which are historic contributors – into the aforementioned waterfront hotel.

The developers are aiming to break ground in 2020 and build in 7 phases over the course of 16 years, completing the massive development by around 2036, “depending on market conditions and permitting requirements.” Thus, while this is all very exciting, don’t hold your breath.

Source: SocketSite, The Business Journals

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