Real Estate

Timing for Massive India Basin Development Pushed Back

Speaking of lawsuits, while Planning has approved Build Inc’s plans for its massive India Basin development, a development which could yield up to 1,575 units of housing, 1,800 parking spaces, 209,000 square feet of commercial space and 5.6 acres of open space along San Francisco’s eastern shoreline, the owner of Archimedes Banya, an adjacent spa and bathhouse which features “a breathtaking view [across India Basin from its] sun-lit deck,” has challenged the validity of the project’s underlying Environmental Impact Report in court.

And while the aforementioned challenge might be only partially to blame, or fingered, Build Inc. has just quietly pushed back their target date for starting construction, from “early 2020” to sometime in 2021.

As such, the first phase of the India Basin development, which is slated to be completed in multiple phases over a period of 5 to 15 years, wouldn’t be ready for occupancy until 2022, at the earliest, “based on market demand and financing.”  Keep in mind that Build Inc. has been seeking a buyer for their entitled tower to rise at One Oak Street, a development which was approved back in 2017 and has yet to break ground as well.

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