SAN FRANCISCO -- The Giants and the city of San Francisco have unveiled plans for Mission Rock, a proposed 27-acre project that will bring residential and office buildings as well as entertainment and public space to the area directly south of AT&T Park. Mayor Ed Lee made the announcement about the project in conjunction with the Giants and the Port of San Francisco at a Wednesday news conference at the site, which is currently identified as Seawall Lot 337 and Pier 48. "Mission Rock will be one of the largest urban mixed use projects in America and will become an enormous economic boost for our city," said Mayor Lee. "It will create thousands of construction and permanent jobs and hundreds of millions of dollars in tax revenues while creating much-needed housing and open space for a growing neighborhood and office space for companies starting or expanding in San Francisco."
The Mission Rock proposal was submitted by the Giants and the Cordish Companies and will include eight acres of open space along with waterfront residences, shops, restaurants and a refurbished pier. There is 3.5 million square feet of development space planned for the site, which will bring an estimated thousands of construction jobs over the next several years and 7,000 permanent jobs upon completion. "The San Francisco Giants and our partners at The Cordish Companies have been working over the past 18 months to refine and fully develop plans for the Mission Rock Project, and we are thrilled to be entering into the next stage of development," said San Francisco Giants CEO and President Larry Baer.