Project Schedule
2016-2019 Draft Waterfront Plan Updated| 2019 RFI Issued | 2020 RFP Issued | 2020 RFP Responses Received and Scored | 2021 Exclusive Negotiating Agreement with Pacific Waterfront Partners Approved by Port Commission
Project Summary
The Port has entered into an Exclusive Negotiating Agreement with Pacific Waterfront Partners to develop and operate Piers 38 and 40 within the Embarcadero National Register Historic District. The ultimate goal of the negotiations is to enter into a long-term ground lease for Piers 38 and 40.
The Port's development objectives include the rehabilitation of a vibrant, financially feasible, mixed-use program for the piers. While residential uses and hotel uses are prohibited in the piers, the Port seeks a variety of other use types to activate this important stretch of the waterfront. The Port’s objectives for the redevelopment of the piers are as follows:
- Attract Diverse Uses and People
- Enhance Maritime operations and Water Recreation uses.
- Deliver rehabilitated, seismically strengthened, and resilient Historic Resources.
- Engage and Partner with the Community
- Assemble capital and pay market-based rents to Port.
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