Beer and baseball — perfect partners on a summer’s day as well as in real estate development along the San Francisco waterfront.
Anchor Brewing Co. will be the Giants’ first tenant in Pier 48 when the former maritime warehouse and its surrounding 27 acres are redeveloped over the next few years, team, city and brewery officials announced Tuesday.
The brewery is the “kick-start” for the Giants’ $1.6 billion Mission Rock development project, Giants president Larry Baer said during a beery morning news conference held at the cavernous warehouse, which sits near China Basin just south of AT&T Park.
The warehouse will host a new brewery and attendant brewpub near the development’s 1,500 apartments, 1.5 million square feet of office space and a new parking garage to accommodate ballpark visitors. The project also includes about 8 acres of open space — a “miniature Crissy Field,” Baer said — and all within walking distance of downtown San Francisco in an area that was open wasteland less than 10 years ago.
The Giants have been trying to develop the Port of San Francisco property for more than a decade.
The team first leased the property from the Port in 1999 and watched the area’s value grow tremendously as Mission Bay was redeveloped into a biotechnology hub, anchored by UC San Francisco. Yet the Giants struggled to find the necessary equity investors as the economy tanked.
Anchor was first approached as a possible tenant in 2010, according to Mayor Ed Lee, but financial particulars — which were not divulged — were not hammered out until recently.
The team and brewery signed a “very-long-term lease,” said Baer, who last year said the Giants are looking for “San Francisco originals” to fill the rest of the office and retail space.
The area’s transformation from a former RV park, railway yard and the mayor’s “favorite driving range” to a high-tech hub and new apartment district is among The City’s most dramatic.
The project is smart development as the formerly industrial area is one that “can handle the density,” according to Supervisor Jane Kim, whose district includes the area.
Construction on Mission Rock could begin next year, with the buildings ready for tenants by 2016 — provided that the Port Commission approves the plans next month and the subsequent environmental impact report is approved.
Anchor, The City’s largest industrial manufacturer, will also be able to more than quadruple its output to 680,000 barrels annually, the brewery announced.