Bulldozers and demolition crews have started the removal of former Navy buildings on Yerba Buena Island.
In late 2018, 285 of the condos will be offered for sale at market rate and 15 will be rented at a below-market rate.
Following demolition, crews will pour concrete for new roads, build parks and shoreline open space, and make geotechnical adjustments to better shield the island from earthquakes and sea level rise.
“A lot of smart people have devoted thousands of hours in crafting plans for these islands,” said Chris Meany, managing partner at developer Wilson Meany.
In total, the development of the islands — a partnership among Lennar Urban, Kenwood Investments, Wilson Meany and Stockbridge Investments — is expected to create up to 8,000 residences, with more than 25 percent designated as affordable housing, most of which will be on Treasure Island.
