The San Francisco Giants have snagged the first tenant for their $1.6 billion Mission Rock development project on the San Francisco waterfront.
At a news conference on Tuesday, Giants CEO Larry Baer and Mayor Ed Lee both said Anchor Steam Brewing will one day occupy Pier 48 with production and distribution facilities, a restaurant, museum and other public attractions. The Mission Rock project is just south of AT&T park on the other side of McCovey Cove.
"We're very excited," Anchor Steam's CEO Keith Greggor said. "This is such a bustling center, there is so much going on here."
The 212,000-square-foot space is an addition to Anchor Brewing's existing brewery on Potrero Hill, and will quadruple the company's output from 120,000 to 680,000 barrels a year. Anchor Brewing is San Francisco's largest manufacturer, and this expansion will likely bring 200 new jobs.
Major Brewer to Set Up Shop Next to AT&T
The mixed-use Mission Rock development, spread over 27 acres south of AT&T Park, includes plans for 1,500 apartments, retail and office space, parks and other amenities. In all the project is expected to create almost 5,000 construction jobs and 6,400 permanent jobs, according to officials.
"This is going to be the front door to our ballpark," Baer added. "This is going to be a city within a city."
Assuming the plans are approved, starting with the Port Commission next month, and the environmental impact report shows no problems, construction should begin in late 2014.
Which means, the soonest Anchor Steam could be serving cold beers at Pier 48 in 2017.
Mission Rock Development By the Numbers:
27 Acreage of Mission Rock
3.5 million Square feet
8 Acres of open space
1.3 to 1.7 million Square feet of office space (5 to 7 buildings)
650-1,000 Living units (3 to 5 buildings)
125,000 Square feet of retail
2,690 Parking spaces (2,000 in a new parking garage for games)
4,800 Projected construction jobs
2,000 New residents
$13 million Annual tax revenue for San Francisco