Demolition, site work, paving and asbestos abatement for a mixed-use development in San Francisco, California. Completed plans call for the demolition of a municipal facility; for site work for a municipal facility; for asbestos abatement for a municipal facility; sidewalk / parking lot; for paving for a sidewalk / parking lot; and water / sewer project.

https://www.bizjournals.com/sanfrancisco/news/2025/08/15/financial-partnership-san-francisco-housing.html Aug 15, 2025 San Francisco's Treasure Island has served many purposes since the 1930s—World's Fair grounds, a military base, and a shelter for San Franciscans in need of a fresh start. Today, the human-made island two miles from San Francisco's mainland is transforming again: into an inclusive neighborhood that could someday house up to 20,000 people. The Treasure Island & Yerba Buena Island development plan, 30 years in the making, calls for up to 8,000 units of housing by 2042 and is gaining new momentum thanks to the cooperation of a network of partners, including banks, developers, nonprofits, and more. These partnerships are paving the way for the future of Treasure Island. The City of San Francisco intended to transform Treasure Island into a thriving neighborhood since the Navy decommissioned it in 1997. But for years, realizing that vision was delayed. "There was a real optimism in how quickly development could begin. [They] were projecting that we could be in construction by 2002, 2003," said Robert Beck, director of the Treasure Island Development Authority, a city agency. "Each step took longer than anticipated," Beck explained. Years of planning and paperwork, funding changes and legal challenges all extended the timeline. "I'm grateful that it's moving forward," said San Francisco Supervisor Matt Dorsey, whose district includes the island. He noted that the city has a state-mandated goal of adding 80,000 housing units by 2031. "The Treasure Island Project is going to account for 10% of this—so it's really important to the city." Community Partners Take the Helm Dorsey points to a web of supportive entities, like One Treasure Island, that have made the neighborhood a refuge for San Franciscans in need of help. As the development plan progressed, more entities joined this web, including master developer Treasure Island Community Development, reigniting the development momentum. Financial partnerships are also indispensable. Affordable housing projects generally involve a gap between what residents can pay in rent and the cost of constructing and operating new buildings. As a result, developers work with an array of public and private entities to make the math work. Maceo May Apartments is a 105-unit affordable development created for veterans and their families that was funded in part by a $1.04 million grant from the Federal Home Loan Bank of San Francisco's Affordable Housing Program (AHP), secured for nonprofit developer Chinatown Community Development Center by FHLBank San Francisco member Community Vision Capital & Consulting community development financial institution (CDFI) . Financial Partners Support a Future with Affordable Housing FHLBank San Francisco's AHP exemplifies how partnerships make affordable housing projects possible. FHLBanks are privately capitalized, member-owned cooperatives serving banks, credit unions, CDFIs, and insurance companies. AHP grants provide gap funding that can be a critical piece of the complex financing puzzle that brings affordable housing projects to life. FHLBank San Francisco AHP grants are awarded annually through a competitive application process, with applications submitted by members in partnership with housing developers and community organizations. For Star View Court, another new Treasure Island development that includes affordable housing, FHLBank San Francisco CDFI member Century Housing partnered with nonprofit developer Mercy Housing California to win a $1.7 million AHP grant. “This collaboration emphasized the vital role AHP funds play in closing the financing gap for affordable housing,” said Josh Hamilton, Century’s Senior Vice President of Lending. "Treasure Island's redevelopment is a testament to the tremendous power of collaboration and partnerships, which are crucial to addressing San Francisco’s housing crisis," said Joe Amato, interim president and CEO at FHLBank San Francisco. "We are proud of the role our Bank’s affordable housing and community investment programs play in bringing our member financial institutions together with community organizations to meet local affordable housing needs and build thriving neighborhoods." Four new residential buildings are open on Treasure Island today. Star View Court was completed in June 2024 and is now 90% occupied. Maceo May, completed in 2023, is 100% occupied by previously homeless and low-income veterans. "There's something really special about the spirit of Treasure Island and the people who have invested a lot of their lives there," Dorsey said. Looking ahead, he wants to ensure that those current residents are "part of the success story." The fact that among the first buildings to rise were two affordable housing buildings serving veterans, the formerly homeless, and other families is a strong start in that direction. Learn more about the Federal Home Loan Bank of San Francisco at fhlbsf.com. FHLBank San Francisco is a member-owned cooperative wholesale bank. We support affordable housing, expanding access to homeownership, and economic development by partnering with our member financial institutions in Arizona, California, and Nevada to deliver grants and discounted credit to local affordable housing developers and community organizations. Since 1990, FHLBank San Francisco has awarded $1.45 billion to support the construction, rehabilitation, or purchase of over 155,000 homes affordable to low- and moderate-income individuals and families. Together with our members and other partners, we are making the communities we serve more vibrant and resilient. Learn more at fhlbsf.com. _______________________________________________________________ On behalf of Treasure Island Development Group, DeSilva Gates Construction is requesting bids for this project scope which includes temporary fencing, building abatement & demolition, install water systems, storm drainage, electrical, surface pavement demolition, clearing and grubbing and removal and disposal of existing utilities. Responsible participation of local Small Business Enterprises/Local Business Enterprises is encouraged. DGC is willing to breakout portions of work to increase the expectation of meeting the SBE/LBE goal. At our discretion, 100% Payment and 100% Performance Bonds may be required as a subcontract condition. This will be a prevailing wage job and Subcontractor's will be required to agree to a Project Labor Agreement. DGC is an Equal Opportunity/Affirmative Action Employer. Event note: Pre-bid meeting and job walk: at the Treasure Island Administration Building, 39 Treasure Island Road Suite 216, or join remotely on Teams. Meeting ID: 272 374 652 610 5 Passcode: U8Eo6PT3 Dial in by phone +1 469-998-7931,,753759212# United States, Dallas Phone conference ID: 753 759 212#