Finalists Are In For Concord's $6B Project
Last night, the Concord City Council picked Lennar Urban and Catellus Development as the two finalists to build one of the biggest real estate projects the Bay Area has ever seen.
The plan for the city's former naval base could add up to 12,000 units of housing and more than 6M SF of commercial space, with an estimated price tag of about $6B in construction costs. Above is what Catellus envisions, which includes a first phase of more than 4,200 housing units and 1.7M SF of commercial.
The vote knocks SunCal out of the running, but the Irvine developer has its hands full on that side of the bay already, jumping on the Raiders Stadium effort and just announcing revived plans for its Oak Knoll Oakland project. Apparently it was SunCal's lack of focus on BART that got it booted from the race. The city will likely select a winner in June. Above are Lennar's plans, which includes a massive solar farm.
Last year we chatted with Lennar Urban president Kofi Bonner, the planning legend behind the Cleveland Browns Stadium and the renaissance of Emeryville, to find out how his magic redevelopment wand would transform The San Francisco Shipyard. We just learned pre-sales begin today on the next release of homes there. Pricing for the latest crop of housing starts in the low $500ks for one-bedroom condos and in the high $700ks for two-bedroom townhomes. Here's a rendering we just got ahold of for the Thayer, the new condo portion.