“Together we’re advancing initiatives focused on creating safer, more efficient travel options for all modes of transportation, from vehicles to bicycles to pedestrians,” Dave Ambuehl, the chief deputy district director of Caltrans, said in a news release.
https://www.sfgate.com/travel/article/new-intersection-project-first-kind-bay-area-19901199.php
It is. There are traffic lights in front of the crossing for pedestrians and the bicycle lane is parallel to the car lane and logically both of the can only have a green light if the cars from the left have a red light and also the pedestrian have a green light for crossing.