There’s a new neighborhood in the neighborhood.
The Presidio is unveiling several luxury apartments and houses in the southwest corner of the national park in the area around the Public Health Service District, the last of 22 neighborhoods to sprout up in the park.
The Presidio Trust has overseen the Presidio since 1996 and must make the park economically self-sufficient by 2013, when federal funding will run out. The former military base, part of the Golden Gate National Recreation Area, is unique in that it offers rental properties for civilian residents.
The rent paid by residents for seven homes along Wyman Avenue being shown this week goes to paying for the operating costs of the park. Forest City Development, which transformed a former hospital into 154 luxury units, pays a set amount of money per year, according to Trust spokeswoman Dana Polk.
So far, the Trust’s revenue has covered its operating costs.
“What we have left over we put toward the park,” Polk said.
But the Presidio is not your typical city district. It has amenities such as the Walt Disney Family Museum and a bowling alley, but there are no schools or libraries.
For now, officials are celebrating the final development in a long saga, said Ann Ostrander, residential program manager for the Trust.
“It’s an important accomplishment for us,” Ostrander said of restoring the historic homes in the park. “We’ve been working for 12 years, almost to the day, going neighborhood by neighborhood.”