Potrero 1010 Plans Include Gift of Green Space

Lee, Cohen and Kelly celebrate the opening of Daggett Plaza in the Design District.

SAN FRANCISCO—The city’s newest public space, Daggett Plaza, is a result of Equity Residential’s commitment to convert the former one-block long Daggett Street into a 1-acre public park. While planning for Potrero 1010, Equity Residential entered into an agreement with the city to build the new open space on the publically owned land for a waiver of a portion of the development’s impact fees.

The $4.9 million cost that Equity Residential dedicated to build the open space is significantly higher than the open space impact fee waiver, so the additional construction costs of $2.5 million and the firm’s commitment to the maintenance of the new park, are gifts to the city. The new plaza, designed by CMG Landscape Architects, remains 100% owned by the city but will be maintained permanently by Equity Residential.