San Francisco Giants planning a $1.6 billion project to transform the parking lot next to AT&T Park into offices, housing and retail. The plans include 8 acres of parks and open space, a refurbished pier and 2,670 parking spaces for games and events. Construction might begin in 2015 and proceed in four phases through 2021. The team submitted plans to the Port of San Francisco, which owns the land and would grant a 75-year lease if the project is approved. About $13 million in annual tax revenue would be generated by the development. The plans do not include an arena that could potentially lure the NBA's Warriors from Oakland to San Francisco.

The San Francisco Giants and The Cordish Company, Inc. are partnering in a planned $1.6 billion project to transform the parking lot next to the baseball team's stadium into offices, housing and retail. The Mission Rock development would have as many as 1.7 million square feet of offices, 1,000 residences and shops and restaurants interspersed throughout the 27-acre site south of AT&T Park. The Giants and Cordish will be '50/50 players,' bringing in other investors and builders for pieces of the development,.