A recent San Francisco Business Times article highlighted ten developments that could significantly alter the SF Bay Area housing market. Let’s take a look at a couple of the ones planned for SF:

Hunters Point Naval Shipyard
1,400 homes in Phase 1
10,500 in Phase 2
For Sale and Rent: 30% below market value (BMR)/affordable
Non Residential: 25 acres of parks, trails and open space; 750,000 square feet of retail space.
This project will completely redefine the former Hunters Point military base and potentially house over 20,000 people. The first 88 homes are set to be completed in 2011. 570 units are set to be finished by 2012. The entire project should be completed in 15 years.

Parkmerced
An additional 5,679 units planned would bring the total to 8,900. Most of these will be rental units with some for sale.
Non Residential: Parks, transit stops, retail and a grocery store.
This would create San Francisco’s largest rental complex/community. The dangerous MUNI stop at 19th and Holloway would be moved and become part of Parkmerced Village, which would contain a grocery store, farmers’ market, cafe and other retail stores. Environmental review is set to be completed by the end of 2009, and the project should come before the Planning Commission in Fall of 2010.