The first pricing was released for the Bristol: Studios will list for $800,000, one-bedroom condos $1 million, two-bedroom condos $1.7 million and three-bedrooms $3 million.
Together, the three luxury housing projects will offer 266 residences. Pricing for the Flats and Townhomes isn't available yet. The Townhomes offers vertical living in multi-floor units, providing the feeling of a single-family home. Some face San Francisco, others the East Bay. The Flats consists of multiple single-story buildings, with fewer than 10 units in each building. The Bristol is a single, mid-rise building with condos facing the East Bay and offering sweeping views of the Bay Bridge. While Treasure Island will be developed with more dense housing and commercial space, 75 percent of Yerba Buena Island will remain as open space. Three housing developments began construction this year on the neighboring rocky hump of Yerba Buena Island. He added: "If there’s anything that has frustrated me about the development of Treasure Island, it’s the amount of misinformation and hysteria around the environmental cleanup."ĪLSO: Three-bedroom condos selling for $3 million in new Yerba Buena Island development The remaining 30 percent is still being remediated by the Navy, which he says consists of finishing up the removal of radium-based paint the Navy used on small deck markers - radioluminescent disks to provide low-level light - that were discarded on the northwest part of the island. But Meany said about 70 percent of the island has been cleaned up and deemed suitable for development by regulators. In January, dozens of current and former Treasure Island residents filed a class-action lawsuit claiming authorities lied for years about the extent of radioactive contamination there. Existing soils have been consolidated to prevent liquefaction in an earthquake and more dirt has been added to support taller buildings with deeper foundations. Meany said work is progressing on infrastructure improvements such as streets and utilities. Steps have been taken to stabilize the land and raise it to guard against sea-level rise. The Navy left in 1997, and shortly afterwards plans were put into action to bring more people to the island. During World War II, the island was converted to a naval station. The Army Corps of Engineers dredged mud and sand from the bay and piled it on top of the shoals north of the natural Yerba Buena Island. Treasure Island was built to host the 1939 Golden Gate International Exposition, celebrating construction of the Bay Bridge. We are creating nearly 300 acres of open space, the largest addition of park space to the city since Golden Gate Park." (See plans for the future Treasure Island in the gallery above.) We are creating ferry service between the island and the city. "More than one of every four is slated to be affordable. "We are creating an entirely new community of 8,000 homes," said Chris Meany, co-founder of Wilson Meany, which is overseeing development of Treasure Island.
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