San Francisco Sun

San Francisco, CA – In a significant development for housing in San Francisco, Mayor London N. Breed and Supervisor Myrna Melgar's legislation to transform the parking lots surrounding Stonestown into a town center with thousands of new homes and open space was unanimously approved by the Board of Supervisors.

The approved Stonestown development agreement will maintain the existing mall while transforming the surrounding parking lots to add nearly 3,500 new homes, six acres of parks, plazas, open space, childcare and senior center facilities, and improved parking and access. The legislation is co-sponsored by Supervisor Rafael Mandelman.

Brookfield Properties' proposal is the result of five years of community outreach and aligns with Mayor Breed’s Housing for All plan, aiming to enable 82,000 new homes over the next eight years.

"With the approval of this transformative project at Stonestown, we are showing how we can get to yes on housing and create a more affordable San Francisco for all,” said Mayor London Breed. “This investment in our City will deliver jobs, sustain the mall as an economic engine, and provide badly needed housing, including for our seniors. I want to thank Supervisor Melgar for her leadership, our City staff for their hard work to get this done, the community for engaging on this project, and Brookfield for their commitment to being a partner with the City.”

"Stonestown is the ideal location to add more housing to the westside,” said Supervisor Myrna Melgar. “San Francisco should be proud of this comprehensive vision to build out Stonestown as a future Town Center that connects our neighborhoods while investing in union jobs, affordable housing, transit infrastructure, and amenities such as childcare and senior services that benefit our entire community."

"Having grown up in the Sunset," added Supervisor Rafael Mandelman. "It’s exciting to see it evolve in this way and it will be exciting to watch that neighborhood develop as a dense urban center on the west side with amenities that will serve thousands of residents."

The project will be developed in phases requiring significant upfront investment in infrastructure. The actions taken today by the Board include approval of legislation initiating an Enhanced Infrastructure Financing District (EIFD) for the site. This tool allows reinvestment of net new property tax revenue generated by the development into necessary infrastructure improvements.

Stonestown is a 40-acre site consisting mainly of parking lots around an existing retail mall located near San Francisco State University along major public transportation lines like M-Ocean View Muni Metro line.

The Planning Commission unanimously approved this development agreement on May 9th. Key features include:

- Preservation of existing mall while developing surrounding parking lots into nearly 3,500 residential units with a mix including senior housing.

- Six acres of publicly accessible parks and plazas.

- Improved circulation with redesigned streets.

- Enhanced pedestrian connectivity throughout the site.

Community benefits from this project include:

- An average annual creation of 800 construction jobs during development phases.

- More than 1,000 permanent jobs post-development.

- Onsite childcare center available at subsidized rent.

- A new senior center replacing YMCA annex rented at $1 per year.

- Improvements at Rolph Nicol Jr. Playground funded partly by $1M contribution.

- Local workforce hiring initiatives.

- Approximately $50M in SFMTA transportation sustainability fees.

“We’re thrilled with collaboration from both neighborhood residents and city officials," stated Christie Donnelly Sr., Director Development at Brookfield Properties. "Stonestown as a town center addresses city housing goals while enhancing its role within community activities contributing towards long-term vitality & resilience."

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