SAN FRANCISCO-Two prominent developers are competing to take on the redevelopment of Pier 38, a run-down waterfront structure that until a couple of years ago was illegally used as a hub for technology startups and venture capital companies.

TMG Partners and San Francisco Waterfront Partners have both responded to a Port of San Francisco solicitation for a developer to repair and lease out the Pier 38, says a report in the San Francisco Business Times.

Whoever gets the project will also be asked to recreate the sort of vibrant community of tech startups that was shut down in 2011. Both firms envision food and restaurant uses as a major part of any new project. Port staff will recommend a winning proposal to the Port Commission on Sept. 10.

The selection deadline comes two years after the port took possession of the pier from the Pier 38. At the time, Port of San Francisco Director Monique Moyer said she could not guarantee the safety of Pier 38 occupants in a disaster such as a fire or earthquake because of concerns about observed electrical violations, plus fear of what's in the walls, lack of proper ingress/egress, over-occupancy and disability access law compliance issues.

Click San Francisco Business Times to read the full story.

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Two Bay Area Firms Vying for Pier 38 Redevelopment Project

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