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fter two decades in development, the first market-rate apartments on Treasure Island have finally emerged. Wilson Meany and Stockbridge Capital Group recently opened The Isle House, a waterfront high-rise that marks the beginning of a new neighborhood with over 8,000 housing units. This milestone follows the opening of Maceo May Apartments last year, which provided affordable housing for homeless veterans.

    Rental rates at Isle House range from $3,285 to over $8,300 per month, depending on the unit size and amenities. The development offers a "laid-back" atmosphere, with 250 apartments, including 24 affordable units and nine live-work townhomes, all built around a central courtyard. Greystar manages the complex, which has seen interest from prospective tenants seeking a high-rise lifestyle without the grit of downtown.

    The Isle House's environment is designed to be vibrant and safe, despite ongoing construction in other areas of the island. The developers have focused on completing parks and open spaces, including Panorama Park, Signal Park, and Buckeye Grove, which are now usable for residents. The Treasure Island Ferry Landing connects residents to San Francisco's Ferry Building in just eight minutes.

    The redevelopment of Treasure Island is a significant project that will transform the 393-acre artificial island into a thriving neighborhood. In tandem with this effort, Wilson Meany and Stockbridge are also developing for-sale housing on adjacent Yerba Buena Island, including The Bristol on YBI and The Row Homes on YBI. The first for-sale condominiums on Treasure Island are expected to open in early 2025 at 490 Avenue of the Palms.

    Additionally, Lennar subsidiary Quarterra is developing Hawkins on TI, a six-story podium building with mostly market-rate apartments due to open late this year or early next year. Another non-housing element of Treasure Island is Bay FC's planned permanent training facility, which will break ground next year pending approval from the Treasure Island Development Authority and the San Francisco Board of Supervisors.