The entitlement on the record
The city's environmental record for the Treasure Island and Yerba Buena Island redevelopment plan lists what the plan permits: up to 8,000 residential units, up to 140,000 square feet of new commercial and retail space, up to 100,000 square feet of new office space, adaptive reuse of three historic buildings with up to 311,000 square feet of commercial, retail or flex space, 500 hotel rooms, about 300 acres of parks and public open space, and a new ferry terminal and intermodal transit hub.
The San Francisco Planning Department leads that record under schedule number 2008012105. The same document puts construction and build-out over an approximately 15- to 20-year period.
What the delivered programme contains
Treasure Island Community Development has completed nearly 1,000 homes in less than four years, about 27% of them below market rate, per the San Francisco Chronicle on 8 July 2026.
The leasing record behind that figure: Isle House, 250 units, opened in 2024, and Hawkins, 178 units, opened in 2025, both above 90% rented after two years. The Bristol on Yerba Buena Island, 124 condominiums completed in September 2022, stands about 70% sold.
490 Avenue of the Palms, the first completed phase, came to market as 148 rental homes. The Chronicle reported the shift from condominium sales to rentals and called it a pivot.
Chris Meany, the developer's managing partner, told the Chronicle the long-term objective was creating a neighborhood the size of North Beach and that the island needs people living on it.
The delivery schedule the authority publishes
The Treasure Island Development Authority's upcoming-development notice, last updated 14 September 2026, lists the island's next projects: a 240-bed behavioral health building at Parcel E1.2 with a November 2026 start, 100 senior rental units at E1.2 in February 2027, 150 rental units at IC4.3 in June 2027, 117 rental units at B1-B2 in 2027, and 265, 76 and 160 condominium units at C2.1, C2.3 and C3.5 from 2027 to 2030.
The notice carries no hotel project, and it states in its own preface that the dates and values are projections, are not guaranteed, and are subject to change.
The island operator's directory of venues and services lists no hotel, and its home page, explore page and host-an-event page carry no instance of the word.
The revised proposal
The development team has submitted a revised proposal that raises the unit count 35% from 8,000 to 10,800, per the Chronicle.
Nothing in the published record sets a rate, a term or a counterparty for the 500 entitled hotel rooms.
What a hotel party carries today
A procurement file for this island holds a dated entitlement, a residential absorption record and no hotel document.
The delivery sequence is the timing evidence. Residential phases run from November 2026 through 2030 under the authority's own table, and the environmental record gives the whole plan a build-out period of 15 to 20 years.
A hotel review of the island therefore turns on documents it has to request: the disposition and development agreement, the master plan revision now under review, and any agreement covering the hotel parcels. The entitlement permits the rooms. The published record sets no start for them.