Developer pageant for $6 billion Concord naval redevelopment hits final stretch
Mar 12, 2015, 2:42pm PDT UPDATED: Mar 13, 2015, 10:30am PDT
Roland Li
Reporter-San Francisco Business Times
Three real estate companies are competing to be the developer of a massive former naval base in Concord that will be one of the largest projects in the Bay Area with over 12,000 units of housing and over six million square feet of new commercial property planned. Building out the project will involve an estimated $6 billion in construction spending.
Catellus Development Corp., Lennar Urban and SunCal have offered three different proposals that offer varying building arrangements and amenities. The three companies will give presentations to city officials and community members on Saturday at 1950 Parkside Drive in Concord.
A city evaluation board is expected to make a recommendation to the Concord City Council on April 14 that will narrow the field to two developers, said Michael Wright, executive director of Concord's Local Reuse Authority, which is overseeing the project. The winning developer will be chosen around June, said Wright . . . .
The Concord Naval Weapons Station was built in the 1940s and stored ammunition and munitions, with around 3,800 people on the site at its peak. It closed in 2005 amid federal government cutbacks. Concord adopted a reuse and area plan by 2012, and the city will take ownership of around 1,400 acres on the property by 2016. The East Bay Regional Park District will control another 2,700 acres devoted to parkland.
Here's an overview of each developer and their proposals.
Catellus
Oakland developer Catellus, which worked on Mission Bay and Alameda Landing, has centered phase one of its Concord proposal around the nearby BART station.
"We believe the North Concord BART station is one of the great assets that the plan has," said Steve Buster, vice president of Catellus. "Phase one is all within a five to 15 minute walk to BART, which we think is very compelling."
The first phase of the plan would have 4,285 housing units, with a mixture of multifamily apartments, townhouses and single family housing. Another 1.7 million square feet of commercial space would be built in phase one, with potential office, retail, hospitality and entertainment usages. The developer is looking at bike lanes and racks and a potential transportation loop with shuttles.
Lennar Urban
Lennar Urban is the Bay Area arm of Miami-based homebuilder Lennar Corp. It has worked on the reuse of naval bases at Treasure Island and Hunters Point, where it fully sold 88 townhouses this week.
The Lennar plan covers a smaller area, totaling 860 acres for 5,700 housing units. It also wants a solar farm on a former bunker site.
"Our experience has prepared us for the challenges that lay ahead, and we would be honored to have the opportunity to roll up our sleeves and work closely with the citizens of Concord to realize their vision of creating a world class project that provides benefits to the entire Concord community," said Kofi Bonner, president of Lennar Urban.
SunCal
Irvine-based SunCal's projects include the mixed-use Dublin Crossing in Dublin and Oak Knoll Naval Hospital site in Oakland.
SunCal's first phase would include 3,200 housing units and 750,000 square feet of commercial space. Development would begin in three regions, with higher density near the North Concord BART station, and smaller buildings along Highway 4 and near Willow Pass Road. The developer wants a civic use rather than retail in the property's canal district neighborhood, which could be a library, park or school to anchor canal district neighborhood.
The developer has an agricultural component to its proposal that would include fruit orchards and community farms to form a 275-foot buffer between the new project and its existing neighbors. SunCal is talking to local farming groups about operating on the site.
"We're talking more about an organic farm-to-table amenity for the community," Joe Guerra, manager of land acquisitions and entitlement for SunCal in Northern California.
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