Development agreement
Potrero Power Station, north side of 23rd Street, San 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
- Filed with jurisdiction2026-07-3030 days on record
- Scored by BedrockRelevance 5 / 5Automated land-use signal
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