Living on San Francisco’s Yerba Buena Island is something of a novelty. Residents of The Bristol, a luxury apartment building, are some of the first folks to call the 0.9 square mile speck of land home since about 100 tenants were evicted from former Naval housing in 2015. But why did they choose to spend more than $1 million to live on an island that doesn’t even have a grocery store?
San Francisco, CA
They Live on an Isolated SF Island in a Luxury Apartment Building. Who Are They?
Yerba Buena Island is a neighborhood in the making. Roads and trails have been rebuilt, but the island lacks even a neighborhood bar. It’s essentially an exit off the Bay Bridge halfway between Oakland and Downtown San Francisco.
The Bristol, with 124 units, is the only condo building on the island at present, and it’s not cheap. Here, studios will set you back $599,000. A parking space for your condo will cost you a cool $115,000.
There are plans for more units in the near future, according to Compass Senior Managing Director Krysen Heathwood, who is selling the building’s homes.
“You’re seven minutes away from the city, but you’re in this amazing village with all this nature around you,” Heathwood said on a call set up by a public relations firm.
Since the building opened in June 2022, 49 units, or roughly 40%, have sold, Heathwood said.
Heathwood declined to share information about Compass’s sales goals for homes on the island, but the developers have recently cut prices and are offering mortgage interest-rate buydowns to help move units. A one-bedroom condo has seen its price slashed by $178,000 since being listed on Sept. 19 and a three-bedroom has seen a $839,000 price drop since it was listed on Nov. 9.
“We want them to be more popular,” she said. “We want to increase absorption.”
Although the city is under a state order to allow for the construction of 82,000 homes by 2031, San Francisco housing permits are at a 13-year low. Market-rate housing, like Yerba Buena Island’s condos, makes up a larger percentage of new construction in San Francisco than affordable homes.
The island was once called “Goat Island” for the herds of goats raised for food that grazed there and became a military post in the 1870s, according to the National Parks Service. During World War II, a portion of Yerba Buena Island fell under the jurisdiction of the Treasure Island Naval Station. The naval base’s commander and some of its officers lived on Yerba Buena Island.
‘It Was Perfect’
Jack Lease has owned a two-bedroom condo at The Bristol since September 2022, where he enjoys views of Oakland and the Bay Bridge.
Lease, 66, is a retired plastic surgeon who moved a decade ago from Chicago to Napa’s Valley’s Yountville, home of the bougie French Laundry restaurant. But, when his Parkinson’s disease worsened to the point that he couldn’t maintain a house anymore, he decided to downsize. A friend of his recommended he check out the new condos being built on Yerba Buena Island.
“It was perfect,” Lease said. “There’s green space like I had in Yountville, but I’m close to a city.”
Lease said he typically takes the ferry from Treasure Island—which is connected to Yerba Buena by a causeway—to San Francisco, often to visit restaurants and museums. Despite the island lacking a grocery store, Lease said he typically gets his food from Woodlands Market at 203 Folsom St., a short walk from the Ferry Building.
Lease said when he does drive, for instance, to visit the de Young museum, he can get to Octavia Boulevard’s Highway 101 exit in 20 minutes, even in traffic.
“Even if it looks like there’s traffic on the bridge, you can get across pretty quickly because you don’t have to deal with the backup at the [toll] plaza” in Oakland, Lease said.
When all was said and done, after minor construction work to his new island home and the purchase of a parking space and storage locker, he had spent close to $1.9 million to live there.
‘Like Being on Vacation Every Day’
Derek and Dorothy Krause, both 63, have lived at The Bristol on the fifth floor since June 2022 after moving out of Oakland’s Redwood Heights neighborhood after 18 years. They share the home with their two dogs, Paris and Monet.
The retired couple, who have been married for 19 years, were first at odds about downsizing from their 1,850-square-foot house in the Oakland Hills to a 700-square-foot condo on an isolated island in the San Francisco Bay. But Dorothy came around.
“It’s like being on vacation every day,” she said. “It’s so safe here.”
Before closing on their $1.8 million, two-bedroom condo, Dorothy Krause said she had grown tired of crime issues in Oakland, from stolen packages to her husband’s truck being targeted by catalytic converter thieves. That’s not to mention PG&E shutting off their power whenever the risk of fires was too great.
“One time, it was for like four days,” Dorothy said of the power cuts. “It was scary.”
Derek Krause is a retired firefighter who teaches part-time at Las Positas and Chabot community colleges. He mainly drives to work. But despite relying on his truck, he said he doesn’t have to worry about traffic even though his only way off the island is the ferry or the Bay Bridge. He said it takes him 20 to 25 minutes to get to work.
“I get to Chabot [in Hayward] faster from here than when I lived in the Oakland Hills,” he said. “Here, you’re centrally located to all the thoroughfares.”
The Krauses drive into San Francisco to get their groceries from Whole Foods on Rhode Island and 17th streets, shop at Bloomingdales in the San Francisco Centre, and dine at favorite restaurants, such as Kokkari Estiatorio.
‘10 Minutes From Downtown’
Michael Lee is a recruiting director for video game giant Electronic Arts. He moved into his two-bedroom condo in August 2022 after spending $1.7 million on it.
Lee said while there are no businesses on Yerba Buena Island, he has easy access to restaurants and bars on Treasure Island, including Gold Bar, and takes either the ferry or walks 12 minutes to Treasure Island to hop on the 25 Muni bus whenever he travels to San Francisco. He’s also the proud owner of four motorcycles but uses them more for recreation than commuting.
Included in the homeowner’s association fee, residents can reserve a shuttle to drive them around either island, but Lee said he prefers to walk, even up the steep hill leading back from Treasure Island.
Lee primarily works from home and enjoys a walk down to Clipper Cove Beach and along the new trails.
“It’s quite peaceful here,” Lee said. “There’s nature, but I’m like 10 minutes from Downtown if I time it right.”
The Bristol’s penthouse also just sold, Heathwood said, declining to share the exact sale price or information on the buyer, although it was likely sold for more than $4 million according to marketing information seen by The Standard.
“Unlike any other homes in San Francisco, you can see all three bridges,” Heathwood said, referring to the Golden Gate, Bay and Richmond-San Rafael bridges.
In addition to condos, next year Compass will start selling single-family homes dubbed The Townhomes. The houses are designed as a “modern interpretation of iconic SF row houses” according to spokesperson Brian Cooley, and will be priced from $3.4 million to $6 million.
Compass will also add single-level “estate-sized” homes, The Flats, which will range in price from $3.5 million to $9 million and are still under construction. Both are set to be completed by spring 2024.
In total, there will be four planned developments and a handful of suburban-style single-family homes on Yerba Buena Island, totaling 266 homes.
San Francisco, CA
San Francisco Developer Unveils Plans for New 22-Story Ocean Beach Project | KQED
While the developers claim that the proposed project “exceeds” AB 2011’s standards, the application is still under review to determine if it qualifies for the expedited approval process granted by the law.
Sider noted that the proposal “hasn’t yet been assessed for Code compliance, but we remain hopeful that the project will be thoughtfully designed and adhere to all regulations.” He added that the location “has always been an ideal spot for new housing.”
The original plan for a 50-story, 712-unit high-rise was met with fierce opposition from city planners, residents and Supervisor Joel Engardio, who represents the Sunset District, where the site is located.
Engardio called the initial proposal a “middle finger to the city” and dismissed it as a plan “no one would take seriously.”
Although the new proposal significantly reduces the building’s height, with only 22 stories, Engardio remains critical.
“Twenty-two stories is still far beyond what’s reasonable,” he said in an interview. “We need to stop dreaming up massive skyscrapers at the beach and focus on real housing that will meet the needs of real families.”
Engardio pointed out that the Coastal Commission will need to weigh in on the project and criticized the developers for not adhering to the Sunset District’s current zoning laws, which limit building heights to 10 stories.
“We need more housing for seniors and families in the Sunset and throughout San Francisco,” Engardio said. “But no one wants Ocean Beach to turn into Miami Beach.”
San Francisco, CA
Breed picks ex-Bloomberg staffer for Board of Supervisors seat
Sherrill registered with the Democratic Party in 2023 after identifying as “no party preference” since first registering in San Francisco in 2016.
He has longstanding connections to former New York City Mayor Michael Bloomberg, an ally and supporter of Breed. After college, Sherrill worked as an assistant for the New York deputy mayor for operations and later was promoted to senior policy advisor during Bloomberg’s tenure.
Bloomberg contributed more than $1 million to an independent expenditure committee supporting Breed’s failed reelection bid this year; likewise, she endorsed Bloomberg during his unsuccessful presidential run in 2020. The San Francisco mayor’s office of innovation is funded by Bloomberg Philanthropies, his charity.
Sherrill denied that political ties between Bloomberg and Breed were a factor in his appointment, saying both care deeply about building cities and hiring great talent.
Not all District 2 community leaders were convinced. Jason Pellegrini, a former human rights commissioner and District 2 resident, said he will support Sherrill’s success in office, for the sake of the district. However, he said, Breed’s choice carries the whiff of a political favor, and Sherrill wasn’t the most experienced pick on the short list of possibilities.
“I’m extremely disappointed in Mayor Breed, the daughter of San Francisco, as she’s leaving office,” Pellegrini said. “I feel this is a slap in the face not only to District 2 but to San Francisco.”
Patricia Vaughey, president of the Marina-Cow Hollow Neighbors & Merchants Association, was skeptical of Sherrill’s appointment and said she had not seen him at community meetings.
“Here we go again with someone who doesn’t know what the fuck they’re doing,” Vaughey said. Still, she said she will do her best to support him: “I have to work with whoever I have to work with.”
Through a spokesperson, Breed’s office said, “The mayor made the appointment based on her belief in Stephen’s qualifications and abilities, nothing else.”
San Francisco, CA
IEEE Trips To Singapore, Japan, New Jersey, San Francisco, Bologna And Milan
This is the last month of my IEEE Presidency and still a few things to do. I estimate I have been away from home over 250 days this year, flown on 17 different airlines and given over 100 talks either in person, remotely or via recordings at various IEEE and other events. It has been quite a year!
We had a virtual board of directors meeting this month to approve the winner of the 2025 IEEE Medal of Honor, who will be awarded a $2M prize in April of 2025 in Tokyo. This month I visited and spoke at IEEE Tencon, a Region 10 conference in Singapore, attended and spoke at a YP/student-oriented event and visited a milestone in Kyoto, Japan as well as the Nintendo Museum with other IEEE volunteers and staff. I then flew to San Francisco, CA to give out some IEEE field awards at the IEDM and then to Italy to give some talks in Bologna and another IEEE field award in Milan, Italy.
At Tencon, I spoke about IEEE AI Ethics activities in a keynote talk as well as giving a talk on recent IEEE board activities and encouraging our younger members to stay with us and make IEEE their professional home. I also visited the local Schneider Electronics Office, a startup called Black Sesame, the IEEE Singapore office and A-Star, a Singapore government funded research organization. The image below is me during my keynote talk. The shirt was a gift from the Singapore IEEE office, a batik print shirt, which are common wear in this part of the world.
Below is an image of me at the Schneider Electric visitors center in Singapore. We were shown their various electric power and facilities management products and services and spoke with them about stronger engagement between industry and the IEEE. We had a similar conversation with Black Sesame, who have offices in the same building as the Singapore IEEE office and make chips for electric vehicles. At A-star we talked about various IEEE activities include those related to sustainability efforts, including port electrification for ships to connect to the electric grid when in port and for charging electric boats.
In Kyoto, Japan I gave a talk at a virtual and physical event for students and young professionals about recent activities approved at the IEEE November board of directors meeting, about stronger engagement with industry and how IEEE can the professional home for our younger members and support their careers. I also visited two milestones in Kyoto.
The first was to Shimadzu Corporation, a biomedical company in Kyoto. There I joined Nobel laureate Koichi Tanaka, shown with me below next to the milestone plaque at Shimadzu, who invented the matrix-assisted laser desorption/ionization technique, which allowed ionization of large organic molecules so they could be detected by a mass spectrometer. This allows detection of useful large organic molecules for various medical and biological research applications. This milestone was installed in November 2024.
The image below is from my visit to the Keage Hydro Power Station in Kyoto, which used water from the lake Biwa Canal to create electricity for the city starting in 1897. The first power plant was DC powered and later converted to AC. In 1936 a new facility near to the original building was completed which used water from a second canal to increase the AC power output. This facility is still working to provide low-carbon power to Kyoto. The image below shows me next to one of three copies of the milestone plaque near the hydro-power generators.
Nintendo recently opened a museum near Kyoto. I visited it with 2020 IEEE President Toshio Fukuda, IEEE Council Office’s Makiko Koto and my Kyoto host, Tomohiro Hase-sensei, from left to right, shown below with some animated Nintendo Toads, Toadstools, at the museum. Nintendo started in the 19th century making card games, expanded into board and other games in the mid-20th century and offered its first electronic game devices in the 1970’s.
I flew from Kyoto to New Jersey to give out the Charles Proteus Steinmetz award to Gary Hoffman at the IEEE Standards award event and then flew back to San Francisco to attend the IEEE IEDM, International Electron Devices Meeting, to give out three more technical field awards and attend some sessions at the IEDM and the MRAM Forum following the IEDM on Thursday. I also attended an IEEE Magnetics Society standards meeting on Wednesday night.
After half a day at home in San Jose I then headed to Bologna and Milan Italy to give some talks in Bologna, including at the Italian Academy of Science and give out the IEEE Control Systems Society award at the IEEE Conference on Decision and Control, CDC, in Milan Italy before heading home for some time with my family.
The picture below shows me with my gracious hosts Cecilia Metra, left, and Carlo Alberto Nucci, right, at the amazing meeting room where I spoke at the Italian Academy of Science about the IEEE and things that our IEEE board has been working on in 2024. Those are hand painted drawings on the ceiling of this room and there were busts of famous Italian scientists on the walls.
Cecilia is an IEEE Fellow and a professor in Electrical Engineering at the University of Bologna, the world’s oldest university, founded in 1088. She has been very involved in fault-tolerant design of digital circuits and systems and is a past President of the IEEE Computer Society and will be an IEEE director again in 2025. Carlo Alberto is a member of the Italian Academy of Science and is a professor of Electrical Power Systems at the University of Bologna and the Editor and Chief of the Electric Power Systems Research Journal.
I also gave a talk at the University of Bologna to students and faculty about IEEE and other sustainability efforts for data centers, particularly involving digital storage and memory technologies. I visited the Marconi estate, Sasso Marconi, near Bologna where I had a chance to see where Guglielmo Marconi did his pioneering radio work. The image below shows me with the IEEE Engineering milestones outside of the house in front of the hill where he and his associates were able to demonstrate radio communication beyond line of sight, using a spark gap transmitter.
The next day I traveled to Milan to participate in an awards ceremony to present an IEEE Technical Field Award, TFA, at the IEEE Conference on Decision and Control, CDC, put on by the Control Systems Society. We had social events at the Alfa Romeo Museum and at the National Museum of Science and Technology near and in Milan. On December 19 I flew home to be with my family for the holidays.
This trip was my last as IEEE President. I have been honored to have been part of the 2024 IEEE board and I am very proud of the things we have been able to accomplish this year. I look forward to working with the 2025 IEEE President, Kathleen Kramer, as IEEE Past President in 2025.
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