Former SF Power Plant to Become New Neighborhood with 2,600 Apartments

A former power plant in San Francisco is being redeveloped into a new neighborhood with 2,600 apartments, 1.6 million square feet of commercial space, a 250-room waterfront hotel, and nearly 100,000 square feet of retail space. The first phase of the project is expected to be completed in 2025.

The project is being funded by a combination of private and public investment, including a $200 million loan from the city. The redevelopment is expected to create jobs and boost the local economy. It will also provide much-needed housing in San Francisco, where the median home price is over $1 million.

The redevelopment of the power plant is part of a larger trend of urban renewal in San Francisco. In recent years, the city has seen a boom in new construction, as well as the conversion of old industrial buildings into residential and commercial space. This trend is being driven by the city’s growing population and its strong economy.

The redevelopment of the power plant has been met with mixed reactions from residents. Some residents are excited about the new housing and jobs that the project will bring. Others are concerned about the impact the project will have on the environment and the character of the neighborhood.

The city is working to address the concerns of residents. The project is being designed to be environmentally sustainable, and the city is committed to preserving the historic character of the neighborhood. The city is also working to ensure that the project is affordable for residents of all income levels.

The redevelopment of the power plant is a significant undertaking that will have a major impact on San Francisco. The project is expected to create a new vibrant neighborhood that will provide housing, jobs, and amenities for residents. The project is also a symbol of the city’s commitment to growth and renewal.