Development proposals for the 16-acre lot south of AT&T stadium that is currently used for parking and special events will be delivered to Port of San Francisco officials today, but the San Francisco Giants will also pitch their development proposal straight to the public.
The Giants have teamed up with a real-estate management company and a capital management organization to create a plan to develop the lot — the largest vacant parcel in Mission Bay, according to Port officials — into a mixed-use development that includes a waterfront park.
Port Commission members will hear a presentation on the various proposals for the lot on Feb. 26, and a public meeting is scheduled for March 1 to give community members a chance to discuss the specificproposals with developers.
The 2,210-parking space parcel, called Seawall Lot 337 is currently leased to the Giants by the Port under an agreement due to expire in late 2009. The Giants have said that any other development proposal accepted should include parking spaces for their fans.
Giants Executive Vice President and Chief Operating Officer Larry Baer, will hold a press conference today to unveil the team’s proposal. The Port of San Francisco is seeking development opportunities on its land to help pay for an estimated $1.4 billion in capital needs.