SFMTA board selects team of developers to rebuild Potrero Bus Yard with housing - San Francisco Business Times

San Francisco transportation officials have chosen a team of developers for the $1 billion revitalization of Potrero Bus Yard into a new bus facility and hundreds of units of housing.

The San Francisco Municipal Transportation Agency's Board of Directors on Tuesday authorized the agency to execute an initial predevelopment agreement with the Potrero Neighborhood Collective, led by public infrastructure developer Plenary Group. San Francisco's Mission Economic Development Agency and Young Community Developers — affordable housing developers based in the Mission and Bayview districts, respectively — as well as the Tabernacle Community Development Corp.

The developer selection was expected to occur six months ago, but was delayed along with the project's completion, initially anticipated for 2026. SFMTA officials said on Tuesday that the project — which calls for the restoration of the 107-year-old bus yard at 2500 Mariposa St. and the construction of up to 575 affordable rental units for low- and moderate-income households across seven floors above the new bus facility — will now likely wrap up in 2027.

“This project is unique in that we can maximize affordable housing for San Franciscans while dramatically improving working conditions for the staff who operate and repair Muni buses,” said Board of Supervisors President Shamann Walton in a statement following Tuesday's SFMTA meeting. “I am excited to reach this milestone for our community."

With the project now in the pre-development phase, stakeholders will as next steps conduct due diligence, risk analysis, housing feasibility studies, as well as early contractor procurement and conversations with the public regarding the project's design. Once the project is fully entitled, the current development team is expected to build, operate and maintain its various components.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global art gallery Lumas opening 'affordable' art gallery in Union Square - San Francisco Business TimesLumas plants its first West Coast flag and third U.S. gallery — and 22nd globally.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

Junk King acquired by national home services company Neighborly - San Francisco Business TimesMichael Andreacchi founded Junk King from his garage in 2005. He just sold it to a national home services company.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

Nevada business owner offers San Francisco alternative to planned $1.7 million toiletA Nevada businessman offered to donate a building for a public toilet in San Francisco rather than have the city build one for $1.7 million.
Source: FoxBusiness - 🏆 458. / 53 Read more »