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Deals & Dealmakers

Tishman Speyer and San Francisco Giants Begin Leasing Residential Units at Mission Rock

 The Mission Rock development team, a partnership between the San Francisco Giants and Tishman Speyer, today announced it has kicked off leasing and will begin welcoming residents to The Canyon in June.

Located along Third Street, next to the Lefty O’Doul Bridge and bordering China Basin Park, The Canyon is the first building to be completed and opened at Mission Rock.  Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of real estate, will manage the building.

The 23-story tower includes 283 apartments, which range in size from studios to three bedrooms. In order to provide much-needed housing to a wider range of San Francisco residents, 102 of The Canyon’s apartments will be available at below market rate (BMR).  Reserved for middle-income households, applicants for these BMR apartments will be chosen through a lottery process.  The Canyon also incorporates 58,000 square feet of office space, as well as a curated blend of street-level shops and restaurants that will serve as an added amenity for building residents and foster an authentic sense of community.   

Designed by renowned architectural firm MVRDV, The Canyon was inspired by Californian rock formations, with a narrow valley running between steep rocky walls that extend all the way up the tower’s western façade.  The landscaping creates a lush outdoor environment and serves as an extension of China Basin Park, which is also currently under construction.  Combined with an array of modern features, including open-plan kitchens with Italian cabinetry and spa-inspired bathrooms, The Canyon offers an elevated setting unmatched among new apartment buildings in San Francisco.

The Canyon’s amenity program includes a rooftop lounge and outdoor terraces featuring grilling stations, a fire pit and spectacular views of Mission Bay, the Bay Bridge, Oracle Park and downtown.  Residents and their guests will also enjoy a full-service fitness center, hot tub, retro-style arcade, bar, private screening room, co-working spaces, 24/7 concierge service and a dining lounge with a demonstration kitchen.  The Canyon also features a central gallery lounge area, bar, fireplace room, dog-wash and grooming salon, bike parking and repair, and coordinated parking with EV charging stations.

“We look forward to welcoming the first residents to Mission Rock, a milestone more than a decade in the making,” said Tishman Speyer Senior Managing Director Carl Shannon.  “The Canyon, along with all of the other development currently underway, is intended to cultivate a community at Mission Rock that is every bit as vibrant, innovative and inclusive as the city that surrounds it.”

The Canyon is the first of four buildings to be completed during Mission Rock’s initial phase of development.  A partnership between the San Francisco Giants, Tishman Speyer and the Port of San Francisco, Mission Rock represents 13 years of city planning and community input to transform a surface parking lot along the waterfront into an exciting new neighborhood featuring stylish rental homes, inspired parks and open spaces, community-serving retail, innovative workspaces, and parking to serve ballpark patrons and the surrounding area.

In addition to The Canyon, construction is nearing completion on Mission Rock’s first office building, a 13-story tower that will serve as Visa’s Global and North American headquarters.  Work is also progressing on China Basin Park, a second, 23-story apartment tower, and a commercial building that has been designed to accommodate life sciences research and development.  The majority of the first phase of Mission Rock’s development is expected to be completed by early 2024.

To learn more about The Canyon’s leasing opportunities, please visit  www.thecanyonsf.com.  For information on The Canyon’s BMR availabilities, please visit http://www.thecanyonsf.com/bmr/.

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