Treasure Island Development Group

What Treasure Island Development Group does

Treasure Island Development Group, LLC is a California-based master developer operating the public-private partnership redevelopment of Treasure Island and Yerba Buena Island in San Francisco Bay. Established as part of the broader Treasure Island Community Development (TICD) joint venture between Stockbridge Capital Group, Wilson Meany, and Lennar Corp under an agreement with the City of San Francisco and Treasure Island Development Authority (TIDA), the entity delivers a portfolio of residential products — including rental towers (Isle House, Hawkins, 490 Avenue of the Palms), for-sale condominiums and townhomes (The Flats, The Row Homes, The Bristol), and affordable housing (Star View Court, Maceo May) — along with supporting commercial, hospitality, and recreational infrastructure. The firm integrates an on-site Experience Team and curated commercial mix (Mersea, Gold Bar Whiskey Distillery, Aracely Cafe, Treasure Island Wines, Bay Padel, forthcoming Bay FC Sports Performance Center) with waterfront parks, public art installations, and event programming to drive the community's destination character.

Its core operating model spans residential leasing, residential sales, commercial leasing, event venue hosting, and ferry operations. Recurring revenue comes from rental subscriptions across seven communities at varied price points up to $18,000/month serviced penthouses, while episodic revenue comes from condominium and townhome closings. Pricing is structured as monthly subscriptions for rentals and one-time/perpetual licenses for ownership product, with $5 single-ride ferry tickets and 30-day unlimited passes providing a transactional commuter stream. The go-to-market combines direct-to-consumer residential sales and leasing with event-driven traffic generation, sales-led enterprise targeting for luxury and for-sale product, and an Experience Team concierge layer built on the Sentral Life smart-living application. Operating geographies are limited to the San Francisco Bay Area, with the headquarters at One Avenue of the Palms, Suite 212 on Treasure Island and a 22-employee administrative team managing the long-horizon buildout.

Name

Treasure Island Development Group

Legal name

Treasure Island Development Group, LLC

Website

https://tisf.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Treasure Island Development Group is the master developer redeveloping Treasure Island and Yerba Buena Island in San Francisco Bay through a public-private partnership with TICD, delivering waterfront rental and for-sale residences, commercial and event venues, and ferry service to over 1,000 current residents within an 8,000-unit master plan.

Ownership category

akta.pro rank

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D, Supply Chain, Others

Revenue model

1. Residential Leasing: Rental income from multiple residential communities including Isle House (22-story tower), Hawkins apartments, 490 Avenue of the Palms, and others ranging from studios to three-bedroom units. Revenue from ~1,000 residents with 95%+ occupancy rates at established properties.
2. Residential Sales: For-sale condominiums and townhomes including The Flats, The Row Homes, The Bristol, and 490 Avenue of the Palms. Properties include market-rate and affordable units with prices ranging from standard to luxury penthouses at $18,000/month.
3. Ferry Service: Passenger ferry operations between Treasure Island and San Francisco Ferry Building. Revenue from $5 single-ride tickets, round-trip fares, and Unlimited Ride 30-Day Ferry Passes. Children under 5 ride free.
4. Commercial Leasing: Office and retail space leasing for commercial tenants including restaurants (Mersea, Aracely Cafe, Gold Bar), fitness (Bay Padel), wine tasting (Treasure Island Wines), and retail operations across the waterfront development.
5. Event Venue Hosting: Private event hosting services at waterfront venues including Cityside Park, Panorama Park, Gold Bar, Mersea, and other locations for corporate events, weddings, community festivals, and creative productions.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels10 records

Core offering

Treasure Island Development Group is the master developer of Treasure Island and Yerba Buena Island in San Francisco Bay, operating a public-private partnership that delivers a mixed-use waterfront neighborhood. Its offerings span residential rental apartments and for-sale condominiums/townhomes (including affordable housing), commercial leasing for restaurants, cafes, fitness, and retail tenants, a passenger ferry service connecting the island to downtown San Francisco, event venue hosting at waterfront parks and restored Art Deco buildings, and on-site hospitality services coordinated by an Experience Team.

Product overview

Treasure Island Development Group operates as a master developer for San Francisco's newest waterfront neighborhood, managing a portfolio of residential communities across Treasure Island and Yerba Buena Island. The product portfolio includes seven residential offerings: rental apartments (Isle House, Hawkins, 490 Avenue of the Palms), for-sale condominiums and townhomes (The Flats, The Row Homes, The Bristol), and affordable housing (Star View Court, Maceo May). Supporting infrastructure includes the Treasure Island Ferry service (8-minute crossing to downtown SF), major parks (Cityside Park, Panorama Park), and dining/venue destinations (Mersea Restaurant & Bar, Gold Bar Whiskey Distillery, Aracely Cafe, Treasure Island Wines, Bay Padel). The master plan projects 8,000 total residences when complete, with approximately 1,000 already built and occupied.

Differentiator

Problem solved

Functional benefit

Brands

• Treasure Island Ferry: Ferry service connecting Treasure Island to San Francisco Ferry Building, operating seven days a week with an 8-minute crossing.
• TI Group

Products and services

• The Flats Move-in ready, single-story for-sale condominiums on Yerba Buena Island with modern finishes and Bay views of the Bay Bridge and San Francisco skyline. Targets buyers seeking new construction waterfront homes.
• Isle House A 22-story high-rise rental tower by David Baker Architects offering studio to two-bedroom apartments and nine live-work residences with 360-degree views of the Bay Bridge, Golden Gate Bridge, and San Francisco skyline; amenities include a roof deck, lounge areas, and ground-level café space. 95% leased.
• The Row Homes Three-story for-sale single-family row homes inspired by San Francisco's iconic row houses, designed by Hart Howerton, with attached garages, private entrances, expansive windows, and large rooftop terraces offering panoramic Bay Area views. Now selling and move-in ready.
• 490 Avenue of the Palms

Quantifiable outcome

• Isle House is 95% leased; Hawkins is fully leased; demonstrating strong demand and low vacancy rates
• +3 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

15 partnerships are on record, tiered core, flagship and minor.

• Treasure Island Community Development (TICD)coreStrategic or Co-development Partner · 1 January 2003TICD is the master developer for Treasure Island - a partnership of Stockbridge Capital Group, Wilson Meany, and Lennar Corp. This long-standing public-private partnership with the City of San Francisco and Treasure Island Development Authority is transforming the island into an environmentally sustainable waterfront neighborhood for more than 18,000 residents.
• Treasure Island Development Authority (TIDA)coreStrategic or Co-development Partner · 1 January 2003TIDA is a San Francisco city agency that serves as the public partner in the Treasure Island redevelopment. Established the public-private partnership with TICD in 2003 to guide the master plan development of Treasure Island and Yerba Buena Island.
• Wilson MeanycoreStrategic or Co-development Partner · 1 January 2003Boutique California-based developer of mixed-use, residential, retail, office and masterplan urban infill properties. Signature projects include the San Francisco Ferry Building as well as major masterplans including Treasure Island, Bay Meadows, and Hollywood Park.
• Lennar CorpcoreStrategic or Co-development Partner · 1 January 2003One of the nation's leading builders of quality homes, founded in 1954. Builds affordable, move-up and active adult homes under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services. LENXX drives technology, innovation and strategic investments.
• Skidmore, Owings & Merrill (SOM)flagshipStrategic or Co-development PartnerMaster Plan Architect for Treasure Island. SOM is one of the world's leading architecture and urban planning firms, providing the comprehensive design vision for the waterfront community development.
• CMG Landscape ArchitectsflagshipStrategic or Co-development PartnerMaster Landscape Architect for Treasure Island. Provides landscape architecture services for the 300 acres of parks, open space, and waterfront areas across the development.
• San Francisco Arts CommissionflagshipStrategic or Co-development PartnerCurates large-scale public artworks for Treasure Island and Yerba Buena Island. Developed signature installations including Point of Infinity by Hiroshi Sugimoto and Canopy of Sky by Ned Kahn, with the islands evolving as a destination for public art.
• Hornblower Cruises (GoProp)coreChannel Partner/ Reseller/ DistributorOperates the Treasure Island Ferry service under contract. Contact: [email protected]. Runs ferry seven days a week between San Francisco Ferry Building Gate B and Treasure Island with 8-minute crossing time.
• Outdoor Yoga SFminorGTM or Marketing PartnerBay Area studio known for open-air classes at Baker Beach and Golden Gate Park. Partners with Treasure Island to bring weekly Yoga by the Water vinyasa flow to Cityside Park every Sunday.
• Gold Bar Whiskey DistilleryflagshipChannel Partner/ Reseller/ DistributorAnchor restaurant and bar tenant housed in the restored 1930s Art Deco terminal. Hosts World Cup watch parties, live jazz, cocktail classes, and Sunset DJ nights. Guinness World Record holder with 991 people stirring cocktails simultaneously.
• Mersea Restaurant & BarflagshipChannel Partner/ Reseller/ DistributorAnchor dining destination ranked #1 restaurant in San Francisco on TripAdvisor for 6 of 7 years. Built from repurposed shipping containers with waterfront views, live music on weekends, and comedy nights.
• Bay PadelflagshipChannel Partner/ Reseller/ DistributorBay Area's first padel and pickleball club, located in a converted aircraft hangar on Treasure Island. Offers courts with waterfront views for players of all levels.
• Bay FCflagshipChannel Partner/ Reseller/ DistributorSan Francisco's National Women's Soccer League franchise. Building Sports Performance Center on 8.5 acres with 3 training fields. Groundbreaking September 2025, opening ahead of 2027 NWSL season. Designed by Olson Kundig.
• Aracely CafeflagshipChannel Partner/ Reseller/ DistributorCalifornia-Argentinean cuisine with garden patio, outdoor fireplace, and Sightglass coffee. All pastries baked in-house. Dog-friendly garden setting.
• Treasure Island WinesflagshipChannel Partner/ Reseller/ DistributorUrban winery producing small-batch wines from premium California vineyard sources. Weekend tastings available at waterfront location.

Scale indicators11 records

Recent moves10 records

Expansion highlights6 records

Emerging players

• Shea Homes: California-centric homebuilder with attached and master-planned community product across Northern and Southern California. Overlaps with Treasure Island on for-sale townhome and condominium product for first-time and move-up buyers, though generally at smaller project scale.
• Trumark Companies: California-based homebuilder and community developer with for-sale and rental products in Northern and Southern California. Comparable in producing similar mid-rise and master-planned residential product at a smaller geographic footprint than Treasure Island.
• Strada Development Group: California-based developer specializing in mixed-use, transit-oriented, and master-planned urban infill communities. Comparable product thesis (mixed residential and commercial on urban sites), though smaller in scale and capital backing than the Treasure Island JV.

Direct peers

• Wilson Meany: Boutique California developer of master-planned urban infill properties and a JV partner in the Treasure Island Community Development partnership. Directly comparable as a Bay Area master developer responsible for distinct for-sale, rental, and mixed-use products on master-planned infill sites.
• Merlone Geier Partners: Bay Area-focused developer of mixed-use, retail-anchored, and residential infill projects. Comparable as a California-based developer/operator building mixed residential and commercial product in urban infill submarkets, with overlap in product type and geographic market.
• FivePoint Holdings (FivePoint): Master-planned community developer operating Great Park Neighborhoods in Irvine and Valencia in Los Angeles County. Direct comparable as a large-scale California master developer using public-private partnership structures to entitle and build thousands of for-sale and rental homes.

Broad incumbents

• Brookfield Properties: Global developer and operator of large-scale mixed-use districts such as Manhattan West and Docklands in London. Overlap with Treasure Island's master-developer-plus-long-term-operator model, though at significantly larger scale and across multiple geographies.
• The Related Companies: National developer of master-planned mixed-use urban districts including Hudson Yards in NYC. Comparable in model — a single developer taking a large infill site through entitlement, infrastructure, vertical build, and ongoing operation with mixed residential, commercial, and public-realm components.
• Lennar Corporation: One of the nation's largest homebuilders and a JV partner in the TICD partnership. Comparable as the production builder for the for-sale residential phases at Treasure Island and as the structural sponsor underwriting risk across thousands of planned housing units.
• Lendlease: Urban regeneration specialist behind projects like Barangaroo in Sydney and multiple UK regeneration schemes. Comparable as a multinational developer that takes large waterfront or underutilized sites through entitlement, infrastructure, mixed-use construction, and ongoing asset operation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/TreasureIslandSanFrancisco
• Instagraminstagram.com/treasureislandsanfrancisco
• LinkedInlinkedin.com/company/treasure-island-development-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Treasure Island Development Group