page contents
USA Real Estate Blog

Trust Staff Pans Plans for 30-Acre Redevelopment in the Presidio

0 6


As requested by the Presidio Trust’s Board of Directors, the Trust’s staff has completed an in-depth review of the now singular proposal to redevelop the 30-acre Fort Winfield Scott campus framed above.  From the staff’s findings and preliminary determination, which were just sent to the Board:

“We have assessed the Proposal against the project objectives and required elements stated in the Request for Concept Proposals (RFCP) and the Request for Proposals (RFP). We have preliminarily determined that the Proposal: (1) does not include all of the required elements, (2) the density of use is not supported by a viable transportation plan, and (3) the financing and business terms will not support a campus for mission‐driven organizations.”

Additional detail for each of the three major findings above:

1. The Proposal does not contain all of the Required Elements

“The RFCP and RFP identified required elements that any proposer must include, such as site‐wide utility upgrades and relocating the Park Police. The Presidio Trust does not have the funds for these items, so we were clear throughout the process that anyone wanting to develop Fort Winfield Scott would have to cover these costs. As shown in the attached chart, the Proposal does not contain funding for all of the required elements.

Instead, the Proposer is expecting the Presidio Trust to cover a significant portion of these costs while seeking to reap a financial return themselves. This is a non‐starter for the Presidio Trust, since we do not have funds allocated for these expenses. Nor does it align with the spirit of the overall project, which was that the Presidio Trust would give up the opportunity to earn significant revenue from Fort Winfield Scott in exchange for the proposer taking on these costs and legally committing to making Fort Winfield Scott is a mission‐driven campus.”

2. The Proposal does not provide for transit solutions that support a campus with so many people

“Fort Winfield Scott’s relative remoteness and location in a national park is part of its appeal and part of its challenge. Any proposal for Fort Winfield Scott has to deal with the transportation challenges associated with its location.

The RFP required respondents to provide a plan for managing transportation to and from the campus. Today, we estimate there are 4,000 workers throughout the Presidio. The Proposal projects 2,570 workers at Fort Winfield Scott, an increase of 64% in the Presidio. The majority of those workers would come and go from their offices at Fort Winfield Scott during commute hours. The proposal did not provide a feasible financial or operational solution for getting workers to and from the campus. Rather, the Proposal assumes that the Presidio Trust and the San Francisco Municipal Transportation Authority (aka MUNI) would cover the initial and ongoing costs of providing additional transit services required to support the high‐density campus.”

3. The Proposal does not ensure that Fort Winfield Scott will house mission‐driven organizations over the long term

“From the beginning of this process, the Presidio Trust sought an organization to transform Fort Winfield Scott into a campus of one or more mission‐driven organizations focused on environmental and/or social change. The RFP asked the respondents to identify how they would ensure that the campus remain mission‐driven over the long‐term.

We have reviewed the proposed financing structure and business terms that the Proposer asked be kept confidential. The proposed financing structure and business terms do not ensure a long‐term commitment to a campus of mission‐driven organizations. Most importantly, the Proposer will not commit that the organizations housed at Fort Winfield Scott will be mission‐ driven throughout the term of the lease.”

And the summary table of the Staff’s full review:

With that in mind, the singular proposal (which would yield over 284,000 square feet of renovated office space; 21,500 square feet of new construction (with lodging, conference space and a 1,500 square foot transit center); up to 4,600 square feet of retail space (including shops, restaurants and cafes); and parking for around 500 cars) will be presented to the public and Board on April 24.  And the Board of Directors is slated to announce its decision on May 23. We’ll keep you posted and plugged-in.

قالب وردپرس

You might also like

Leave A Reply

Your email address will not be published.

Pin It on Pinterest

Share This

Share this post with your friends!