X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO-The San Francisco Arts Consortium and a joint venture team of AMB Property Corp. and American International Group Global Real Estate Investment Corp. have submitted proposals to the Port of San Francisco to develop projects within Pier 70′s Dogpatch District.

The area, which lies between Illinois Street and the bay, stretching from Mariposa Street to 22nd Street, is part of San Francisco’s industrial complex- an area that has recently transformed from old industrial space to a hip area swarmed with live-work lofts.

The San Francisco Arts Consortium has proposed to build a 2-block, 150,000 SF arts center on Illinois Street. The nonprofit organization would use 1.5 acres of space, and plans to develop on a fee basis. The joint venture of AMB Property Corp. and American International Group Global Real Estate Investment Corp. proposed to build a 12-acre mixed-use commercial, industrial, maritime and industrial project on the waterfront.

The joint venture project includes a non-profit arts center as well, so it has not been ruled out that the two projects could be combined, turning the competitors into allies.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.