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    SF - Mission Bay, CA

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    SF - Mission Bay, CA

    Gentrification-Mission Bay 01/08/2017
    Mission Bay is located south of South of Market bordered in its own south by Dogpatch the Mission at its west and The San Francisco Bay bordering its east; Mission Bay is intersected by Third Street, a street that runs the length of San Francisco from its southern border to Market Street at its center; it is also a section of the city where there has been major growth in commercial building for the bio-pharmaceutical industry, UCSF Medical Center has a newly built campus, Genentech and the health care provider Kaiser also have newly built facilities there; a groundbreaking ceremony to build The Warrior's new basketball arena is scheduled later this month, AT&T Park where The Giants play is close-by on the other side of Mission Bay Creek. Mission Bay, an area of San Francisco formerly occupied by its shipping industry had been known for its large unoccupied warehouses and minimal residential housing. Due to San Franciscans efforts to house its residents and building developers wish to meet its clients requirements there's also a lot of new residential housing scheduled to be built in this area. Newly built residential housing must include a percentage of housing designated Below Market Rate made available to low-income residents meeting annual income requirements measured as a percentage of San Francisco's Area Medium Income, $74,000 in 2017; The City's BMR guidelines is a complex subject I expect to discuss as time presents itself in future articles. It is anticipated that within the next decade San Francisco's Mission Bay district will become robust with both commercial and residential activity; to accommodate this growth MUNI is scheduled to increase public transportation services within this area; the T-Third Street is a regularly scheduled streetcar that now travels the length of Third Street and is expected to connect with the Central Subway now being built from SoMa under San Francisco's downtown going through Chinatown and possibly onto North Beach and scheduled to be completed this year or next.

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