Led by Kenwood Investments, the Treasure Island Community Development project is one of the most complicated land entitlements to take place in a major U.S. city. The plan calls for 8,000 new residential units, 250,000-square-feet of retail space, 2,000 permanent jobs, up to 350 new hotel rooms, public parks, and 300+ acres of open space, as well as an 20-acre organic farm, 410-slip marina, wind farm, new ferry terminal, and three residential neighborhoods attracting as many as 13,000 residents. Groundbreaking is slated for late 2015 or early 2016, and the $1.8 billion development is scheduled to be completed by 2022. Kenwood Investments has partnered with Wilson Meany Sullivan and Lennar Urban. The master architectural and engineering plan was developed by Skidmore, Owings and Merrill, LLP.
In addition to being a complicated and ambitious project, Treasure Island is an environmentally friendly and technologically advanced urban development. Its five skyscrapers are green LEED-certified. The use of a parking system and the close proximity of each residential neighborhood to the ferry terminal is designed to encourage car-free living on the island.