FivePoint Names Cushman & Wakefield Exclusive Agent For Shipyard Project
FivePoint Holdings has hired Cushman & Wakefield as exclusive leasing agent of about 5M SF of Phase 2 of The San Francisco Shipyard project. Managing principals Mike Moran and J.D. Lumpkin will spearhead efforts to fill the development with office, life sciences and R&D firms. Leasing of commercial space will begin in early 2017.
“The addition of commercial space will draw a variety of businesses...having a significant long-term positive economic impact on the community,” says FivePoint regional president Kofi Bonner.
The Shipyard is a mixed-use development that will create thousands of homes, a commercial district including offices, makerspaces, research facilities, restaurants and shopping in new and reclaimed heritage buildings along with planned acres of public space and sports grounds.
The first phase of The Shipyard is under development and includes about 400 homes with 110 already occupied. Another 500 homes are planned to be completed by 2020. The second phase will break ground in 2017 and will add 4,275 homes by 2027.
The Shipyard is part of larger plans for over 760 acres at the former Candlestick Park. The urban communities will include 12,000 homes with a mix of affordable and market-rate apartments, townhomes and condominiums, 600k SF of retail and more than 350 acres of waterfront parks, trails and restored shorelines.
Want to find out more about San Francisco’s waterfront developments? Join us at Bisnow’s upcoming San Francisco's Future of the Waterfront event Oct. 20.