The Presidio of San Francisco

Presidio Trust Overview

Opportunities

• Preservation of historic buildings

• Accelerate pace of rehabilitations

• Generate revenue

• Increase area housing supply

• Bring people to the park

• Re-establish the Presidio community

Challenges

• Understanding what we have

• Limits on Trust’s role in deal

• “Ground” lease structure

• 106 vs. tax credit compliance

• Overlapping review responsibilities

• Functional relatedness

• Tension with other values

PHSH

View Towards The Richmond

PHSH Challenges

• Functionally related buildings required amendment of Programmatic Agreement

• Coordination of preservation and environmental remediation goals

• Predictability as to Trust’s design guidelines and tax credit review

Lessons Learned

• Understand what you have

• Get the right technical help

• Recognize and respect each party’s needs and align interests

• Early outreach to constituents

• Pick your partner carefully

Adam Engelskirchen, Director of Real Estate, Presidio Trust

The Presidio of San Francisco