Development agreement

Potrero Power Station, north side of 23rd Street, San Francisco, CA

On municipal recordSan Francisco, CA
5/ 5
Prime signal
Bedrock impact score
Action type
Development agreement
Asset class
Multi-asset · site-wide
Status
On municipal record
Filed
2026-07-30
Jurisdiction
San Francisco, CA
Days on record
30 days
01Investment highlights

Why this deal matters

  • Development agreement in San Francisco, CA
  • Bedrock impact score 5 of 5 — Prime signal
  • A DA amendment plus an active office-allocation revocation policy at one of SF's largest mixed-use redevelopments signals real risk that entitled office square footage could be clawed back
  • Any developer holding or pursuing office allocations in this pipeline needs to assess exposure immediately.
  • On the municipal record 30 days (filed 2026-07-30)
02Deal summary

The rationale

A DA amendment plus an active office-allocation revocation policy at one of SF's largest mixed-use redevelopments signals real risk that entitled office square footage could be clawed back — any developer holding or pursuing office allocations in this pipeline needs to assess exposure immediately.

San Francisco Planning Commission is considering amending the Development Agreement for the Potrero Power Station Mixed-Use Project and adopting a resolution to establish criteria and timelines for potential revocation of office allocations under the Office Development Annual Limitation Program.

03Deal facts

The filing record

Jurisdiction
San Francisco, CA
Action type
Development agreement
Asset class
Multi-asset · site-wide
Applicant
California (entity name truncated in source)
Status
On municipal record
Filed
2026-07-30
Days on record
30 days
05Record timeline

Filing to current status

  1. Filed with jurisdiction
    2026-07-30
    30 days on record
  2. Scored by Bedrock
    Relevance 5 / 5
    Automated land-use signal
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