The closer for the San Francisco Giants’ real estate development team has left the field after a winning game.
Fran Weld, the senior vice president of strategy and development, who oversaw construction of its Mission Rock development, is moving on from the team after 11 years, the San Francisco Business Times reported.
She has been replaced by Julian Pancoast, a five-year veteran of the Giants who was promoted from senior development director to vice president of development.
Pancoast now assumes oversight of Mission Rock, a $2 billion-plus mixed-use development across the channel from the Giants’ Oracle Park.
The first element of that project, Visa’s new headquarters and park space, is expected to open next year. That will be followed by apartment buildings at the end of next year and in early 2024, Giants President and CEO Larry Baer said.
Weld oversaw Mission Rock as the Giants secured a ground lease for the 28-acre site from the Port of San Francisco.
She also won a key public vote in 2015 that authorized higher building height, got the project entitled in 2018 and inked a 50-50 joint venture development deal with Tishman Speyer.
When complete, Mission Rock will have 11 buildings, 1.4 million square feet of office or biotech lab space, 1,200 residential units, 200,000 square feet of shops and restaurants and eight acres of parks and plazas. The project will include a historic rehabilitation of Pier 48.
“Fran just did an amazing job for 11 years,” Baer said. “She came in and did a spectacular job.”
A physics major at the Massachusetts Institute of Technology who the Giants hired after she completed an M.B.A. at Stanford University, Weld, 38, previously worked on development for the Boston Red Sox.
It was Weld who hired Pancoast in early 2017 as a development manager.
Pancoast had spent more than four years at Lennar Urban, managing the Treasure Island redevelopment project. He also spent a year with Communitas Development. helping to advise the Presidio Trust on its redevelopment of the national park and former military post.
“Julian has been my right-hand partner for the last five-plus years and will be a wonderful steward of the community vision for Mission Rock,” said Weld, who headed to the East Coast for family reasons, in an email to the Business Times.
“He’s been instrumental in our environmental sustainability work, our partnership with the Port and the city of San Francisco, and our public space and park design and construction.”
[San Francisco Business Times] – Dana Bartholomew
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