Salesforce Park, at 425 Mission Street, is open November 1April 30, 6 a.m.8 p.m.

This collaborative profit-sharing initiative is easily replicable and a prime example of how circular business models can fund public spaces and sustainable urban development. When this new high-rise world starts getting you down, just gondola way up to the top of the stairs, and all your cares will drift right into space. Despite the low percentage given to the project, it provided enough support capital to ensure the park could remain public and enjoyed by all. At 5.4 acres, Salesforce Park is larger than many of San Franciscos public parks and is an anchor to the new and rejuvenated mixed-use Transbay District. However, the project share was relatively small, and the property owners would gain most of the profits.

Such a redevelopment and feature in any part of a city, regardless of the exact locality, undoubtedly adds significant value to nearby properties.ĭevelopers struck a deal with owners to share a certain percentage of this rise in property value. Except proposed an innovative profit-sharing scheme to help fund the park, encourage cooperation and actively involve nearby residents and developers with the complex.įirst, properties surrounding the park were valued by an independent and well-established third party and compared to future values - projected to five years after its completion.

Salesforce transbay park