The project to redevelop Treasure Island received its second piece of recent good news when a judge approved the adequacy of The City’s environmental impact report.
Shortly after the Board of Supervisors approved the project in July 2011, a group called Citizens for a Sustainable Treasure Island filed a suit over the environmental report. Superior Court Judge Teri Jackson ruled Friday that it “provides sufficient analysis to intelligently consider the environmental consequences.”
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Plans to build upward of 20,000 new homes in San Francisco got a big jump-start this week, as sources said that homebuilder Lennar has come to a basic agreement with the government-owned China Development Bank on a $1.7 billion loan for major construction at Hunters Point and Treasure Island.
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Stagnant interest from American investors in funding the construction of 20,000 new San Francisco homes has driven developer Lennar to a Chinese investment bank in search of $1.7 billion in startup capital.
The Miami-based housing giant is in negotiations with the China Development Bank to start construction on two city-approved redevelopment projects on former Navy bases — Hunters Point and Treasure Island — a company spokesman confirmed Monday.
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Collusion did not exist between regulators and the regulated over the Hunters Point Shipyard redevelopment project, according to the results of an internal investigation by the Department of Public Health.
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As a decade of peace came to pass this week in the NFL, new opportunities opened for financing new stadiums. Yet the 49ers promptly announced that the team is still moving at full speed on its proposed new home in Santa Clara.
But proponents of keeping the team in its namesake city have their own basic message: “Don’t forget about us.”
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A plan to build more than 10,000 new homes in southeastern San Francisco is set to move forward — albeit in a somewhat delayed fashion — after a San Francisco Superior Court judge ruled Monday on a lawsuit arguing homebuilder Lennar Corp. failed to identify potential health impacts at the Hunters Point Shipyard site.
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A judge will likely have to decide the fate of an environmental impact report on major redevelopment plans for a former U.S. Navy base at Hunters Point, after discussions between activist groups and the developer, Lennar, bore no agreement.
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Benefits planned to flow to San Franciscans from a massive shipyard redevelopment project, including scores of jobs for unemployed locals, were lauded Thursday.
Some officials and residents, however, expressed skepticism about whether the expensive package of benefits was realistic and whether locals would secure substantial amounts of work.
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A homebuilding company apologized for a controversial incident in which an armed guard sent to record a health-related community meeting inside a makeshift mosque was placed under citizen’s arrest.
Miami-based Verasys LLC – the risk-management company that hired the security guard – also apologized for the incident and said Miami-based homebuilder Lennar did not know that its consultant would carry a weapon to the meeting.
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Despite the economic woes engulfing builders and developers nationwide, new investors agreed over the weekend to invest millions into San Francisco redevelopment projects at Treasure Island and Bayview Hunters Point.
Dallas-based developers Hillwood Development and California-based investment firm Scala Real Estate Partners will work in partnership with Lennar Corp, the lead developer on the projects, according to a press statement released by Lennar Tuesday.
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