TMG Partners initially won the redevelopment rights for Pier 38 by proposing swift action and revitalization, but seismic concerns have rendered their original plan financially infeasible.
The newly proposed plan retains some public and office space but omits the special events area, aiming to lease to a company focused on R&D for self-driving trucks.
The unidentified company shares probable ties with Otto, a firm stemming from Google's self-driving teams, seeking to innovate while using the surrounding area for testing.
Although permitting was secured, the project faces significant delays, with full redevelopment of Pier 38 expected to extend over another few years.
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