SF New Developments

by J.K. Dineen

Top Vision Development is preparing to break ground later this year on the latest — and by-far most ambitious — condominium development on Candlestick Point, the isolated waterfront land between Highway 101 and Monster Park in the city’s southeast corner.

Top Vision has hired architect C.P. Wang of the renowned C.Y. Lee & Partners — the firm that designed Taipei 101, the world’s tallest fully inhabited skyscraper — to design the final phase of St. Francis Bay, which will include a 16-story, 465-unit tower nestled into Bayview Hill, the grassy knoll separating the development from Monster Park.

The project, recently approved by the Planning Commission, is a key part of a major new neighborhood being planned for Executive Park, a lackluster office enclave that has struggled to attract tenants and developers over the past 25 years. Under the proposed amendment to the general plan, the 330,000 square feet of office space along Highway 101 would be razed and replaced with housing. The land could support 2,800 units of housing and 5,000 residents, according to plans being developed by both city planners and the four developers who control the land.

Some of it is already being built. Top Vision Development has sold out the first phase of its 769-unit St. Francis Bay, a total of 128 units. Meanwhile, construction on phase two is nearly complete, and thus far about 110 of the 176 units have been sold, according to Chris Foley, a principal with Polaris Group, which is marketing the project.

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