BY JAY BARMANN IN NEWS ON MAR 25, 2016 12:50 PM
Rendering via LennarUrban
Big things are coming to the land that was formerly home to Candlestick Park, and big developer Lennar, who’s also developing the adjacent Shipyard with 12,000 residential units, has just received approvals for a huge mixed-use development that will transform this southeastern corner of the city. As the Business Times shows explains, while an originally submitted plan back in 2010 included a 10,000-seat arena, the Warriors’ project has rendered that unnecessary and Lennar now has revised plans for a 4,400-seat performance center and 1,200-seat arts venue to sit alongside a 500,000-square-foot shopping center, which they’re expected to break ground on next year.
Additionally, the project includes 2,214 housing units in its first phase, of which 256 will be rehabbed units at the nearby Alice Griffith public housing project. Between the Candlestick Point and Shipyard projects, according to earlier agreements, over 30 percent of the housing will be below market rate, with 3,345 out of approximately 10,500 housing units built as affordable units. So yes, many units. But construction likely won’t be complete for a few years.
The renderings below show a pair of towers, inside some of which is likely some of this housing, as well as a proposed 1 million square feet of commercial space.
President of LennarUrban, Kofi Bonner, said in a statement, “This is another important step toward the creation of a vibrant retail and entertainment community. The future of Candlestick Point is beginning to take shape.”