SAN FRANCISCO — San Francisco is laying the foundation for a $600 million-plus rehab of 69 acres of waterfront that will need a big chunk of public financing.

The Pier 70 project, on one of the largest pieces of undeveloped land left in the city, will include three million square feet of new buildings and will rehabilitate 700,000 square feet of historic buildings, according to the master plan. It will also add parking, 20 acres of open space, and infrastructure.

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