Mission Rock Gets $10M Boost as Port Commission Bets on Waterfront Growth

The San Francisco Port Commission moved aggressively to accelerate development, restructure underperforming deals, and chart new economic territory at its June 9 meeting, approving five resolutions that collectively reposition the waterfront from pandemic recovery to proactive investment. The headliner: a $10 million capital bet to fast-track the next phase of Mission Rock, the flagship mixed-use neighborhood rising alongside Oracle Park.

• $10M port investment aims to cut Mission Rock Phase 2 timeline in half, with possible groundbreaking by late 2027
• Pasha Pier 80 deal restructured, eliminating $600K annual management fee and opening 15 acres to cruise ship operations as auto exports decline
• Downtown CBD expands to the waterfront with $883K annual Port commitment for overnight security, hospitality ambassadors, and marketing through 2036
• Woods Beer wins pop-up tap room lease at vacant Grotto 9 on Fisherman's Wharf under a percentage-rent-only model
• Blue Economy roadmap unveiled to incubate maritime startups — a local GPS tracking firm says it tests in Mexico and Canada because San Francisco lacks the infrastructure
• $41M Mission Bay Ferry Landing contract approved on consent calendar

The basics: Mission Rock is a joint development between the Port and the San Francisco Giants' development arm. Phase 1, completed between 2019 and 2025, delivered 537 homes (132 below market rate), more than 500,000 square feet of office space, 50,000 square feet of retail, and a five-acre China Basin Park. Phase 2 would add hundreds more homes and commercial space — but the post-COVID economy stalled the timeline.