a unique and diverse and innovative place. with our progress in creating san francisco as an innovative business hub, it is essential we continue to invest in our residents, our businesses, and our infrastructure. without this commitment with our partners in the business sector, we will not be succeeding. i want to assure you that you have a grateful mayor every day that will work with you to get this done. thank you very much. [applause] thank you. so much good news there. john has been planning director for the city and county of san francisco since 2008, having come here after five years as planning director for the city of seattle. all i hear is that was a good higher, so i am not going to get heavily into his biography. he is at work on a series of comprehensive neighborhood plans, city-wide historic resource survey, updates on the general plan and, of course, always ongoing environmental reviews and development reviews. so please welcome the planning director. [applau
we can realize a net present value of over $250 million to support the transit center through the development in the area as well as fees which will help support the park and open space improvements over time. moving on, i just wanted to mention a couple of other plans and projects that we are working on. in particular, the central corridor. the central corridor is our name for the planning effort that we are focusing on along fourth street. to support and be supported by the investment that the city is making in the central subway. this is an area of town that is kind of sandwich between downtown western soma, the tenderloin, and it is also an area that will see tremendous growth and development over the next couple of years. we are trying to capitalize on the transit investment, but here, rather than in some of the recent plans, our focus is going to be on job-producing space. as you have all seen and as we have seen with the rents now being realized south of market, we bel
since the plan would increase height and density limits in the area, it was important for us to look at the skyline. bear with me on our planning talk for a few seconds, but it was important for us to look at when we talk of the buildings up to 1,000 feet what this will do to our skyline, what it will look like, how to maintain and make more distinct the city skyline. the city skyline today is characterized by what we most see the transamerica building, the bank of america building, leaving conte hours, and a lot of similar height buildings. the terminal and the project the transit center will create a new focal point for the city in exactly the places where it should be and create a kind of new heart of downtown south of market which is exactly where we have been thinking it should go for the last 25 years. as seen from treasure island as well, the idea is to really create a punctuated skyline with the 1000-foot tower at the transit center and with the endpoints of the rin
exactly the places where it should be and create a kind of new heart of downtown south of market which is exactly where we have been thinking it should go for the last 25 years. as seen from treasure island as well, the idea is to really create a punctuated skyline with the 1000-foot tower at the transit center and with the endpoints of the ring kind towers on the left and the trans america on the right the rincon towers on the left. it is also important to mention what this will actually resolved. under current zoning, there s about 6 million square feet of office space. we will be adding over 2 million square feet of that so that the total we get between office, housing, retail, and hotels basis is almost 9 million square feet, which is about a 4 million square foot increment over what current zoning allows for us. i think it is important to recognize that this is being built not in some far distant part of the city but in exactly the parts of the city where high rises ex
desperately needed in that area and it will also include 11 acres of public parks, over half of which is on the terminal being built by the tjpa. importantly, it will also include a funding mechanism to help pay for all this. we can realize a net present value of over $250 million to support the transit center through the development in the area as well as fees which will help support the park and open space improvements over time. moving on, i just wanted to mention a couple of other plans and projects that we are working on. in particular, the central corridor. the central corridor is our name for the planning effort that we are focusing on along fourth street. to support and be supported by the investment that the city is making in the central subway. this is an area of town that is kind of sandwich between downtown western soma, the tenderloin, and it is also an area that will see tremendous growth and development over the next couple of years. we are trying to capitalize