The Golden State Warriors will not be building on Piers 30-32, the Chronicle is reporting this afternoon. Instead, the team will construct their new arena further south in Mission Bay, on a 12-acre site purchased from

The Chronicle's sources didn't disclose the purchase price for the lot, which UCSF was also in talks to buy. bought the full 14-acre lot for $250 million in 2010 with the intention of building a corporate campus, but won't be needing the space now that they'll be taking up half the square footage of the new Transbay Tower. The new site will include a waterfront park and is planned to open in time for the 2018-19 NBA season.

The change of venue comes with fewer headaches for the team, which ran into opposition from neighborhood groups who opposed something new blocking their view of a crumbling slab of concrete. While the new spot near Pier 50 doesn't have the same Bay Bridge views as the original plan, the new neighborhood does come with parking for 2,130 cars and a sweet location next to the Central Subway, which will provide a direct artery to Market Street transit when it is completed around the same time in 2018.

Previously: All Warriors Arena Coverage on SFist