Mission Rock will be a mixed-use urban neighborhood with housing, office space and retail.

SAN FRANCISCO—The Mission Rock team comprised of co-developers Tishman Speyer and the San Francisco Giants recently submitted the design application to San Francisco's Planning Department for Phase 1 of the development project. Located along the waterfront across from Oracle Park, Mission Rock will transform 28 acres of asphalt and a parking lot into a new mixed-use urban neighborhood featuring housing, office, retail and open space.

Phase 1 consists of two residential buildings, two commercial buildings, a retail corridor and a 5-acre waterfront park (China Basin Park). Each building has its own distinct look and feel, but complements the other buildings, China Basin Park and the surrounding environment.

When complete, the mixed-use waterfront area is expected to include 8 acres of parks and open space, including a signature waterfront park; more than 200,000 square feet of neighborhood-serving retail and local manufacturing space; up to 1.4 million square feet of new office space, parking structures to serve ballpark and neighborhood needs; the rehabilitation of historic Pier 48; and approximately 1,200 residential rental units with 40% affordable to low- and moderate-income households.