The Treasure Island Development is a planned 405 acres (163.9 ha) redevelopment on Treasure Island and parts of Yerba Buena Island

Yerba Buena Island

Yerba Buena Island sits in the San Francisco Bay between San Francisco and Oakland, California. The Yerba Buena Tunnel runs through its center and connects the western and eastern spans of the San Francisco-Oakland Bay Bridge. It has had several other names over the decades: Sea Bird Island, Wood...

 in San Francisco Bay between San Francisco and Oakland within San Francisco city limits. Treasure Island's development is set to break ground during the year 2012.

Master Plan

The master plan calls for all residences to be within a 10-minute walk of all basic goods. A new ferry terminal would connect to a retail center as part of an urban core with a 40-story tower and hotels. Three distinct residential neighborhoods would radiate from the core area and feature townhouses, along with flats and a 14-story residential tower. Also proposed are:
five high-rise towers, a K-8 school, 450000 sq ft (41,806.4 m²) of retail and commercial buildings, a 275 acres (111.3 ha) park, a 20 acres (8.1 ha) organic farm, and a 400-slip marina and beach along with state-of-the-art community facilities. The entire redevelopment would take 20 to 30 years to build and would create 8,000 new households for approximately
20,000 people. The development is expected to cost .

Buildings In The Development

Name	Floors
Sun Tower	60
Treasure Island Tower I	40
Treasure Island Tower II	40
Treasure Island Tower III	40
Treasure Island Tower IV	40

Project Status

The City of San Francisco has been working to redevelop the 404-acre island since the U.S. Navy closed its base on the island during 1997. The Treasure Island Project is being developed by a joint venture

Joint venture

A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...

 between Lennar Corporation

Lennar Corporation

Lennar Corporation is a Fortune 500 company based in Miami, Florida, United States, in the Fountainbleau area. It was founded in 1954.In 2008, Lennar was the United States' second largest homebuilder, constructing homes in 17 different states throughout the United States, including Arizona,...

 and Kenwood Investments.On June 7, 2011 the Board of Supervisors Voted 11-0 to approve the project, City officials are now working with the US Navy on a property transfer. The project is scheduled to start during mid-2012, with the construction of homes and retail spaces beginning in 2014 with the first new homes to be occupied by 2015. The project would create 3,000 permanent jobs and 2,000 construction jobs.

See also

• New Urbanism
  New urbanism
  New Urbanism is an urban design movement, which promotes walkable neighborhoods that contain a range of housing and job types. It arose in the United States in the early 1980s, and has gradually continued to reform many aspects of real estate development, urban planning, and municipal land-use...
  
  
• Smart Growth
  Smart growth
  Smart growth is an urban planning and transportation theory that concentrates growth in compact walkable urban centers to avoid sprawl and advocates compact, transit-oriented, walkable, bicycle-friendly land use, including neighborhood schools, complete streets, and mixed-use development with a...
  
  
• List of tallest buildings in San Francisco
• San Francisco Transbay development
  San Francisco Transbay development
  The San Francisco Transbay development plan consists of three supertall skyscrapers and ten other skyscrapers and highrises proposed in San Francisco. The towers are proposed to fund the replacement of the San Francisco Transbay Terminal in the South of Market neighborhood near the Financial...
  
  

External links and further reading

• Treasure Island official website at the City and County of San Francisco
• Article on the Development.
• "Plan for Treasure Island Clears Hurdle, but Serious Issues Remain" article by Zusha Elinson in The New York Times
  The New York Times
  The New York Times is an American daily newspaper founded and continuously published in New York City since 1851. The New York Times has won 106 Pulitzer Prizes, the most of any news organization...
  
  April 23, 2011