Lennar Corp. dominates redevelopment in S.F.
Technorati Tags:candlestickpoint, catellusdevelopment, Lennar, san francisco condos, South San Francisco, The CoveHunters Point deal gives firm City Hall clout
by Robert Selna, Chronicle Staff Writer
Lennar Corp., the company Mayor Gavin Newsom wants to lead an ambitious redevelopment of Hunters Point shipyard and Candlestick Point, has woven itself deeply into the future of the Bay Area.
The company, which has supplanted Catellus Development Corp. over the past decade as the major player in Bay Area redevelopment projects, controls Vallejo’s decommissioned Mare Island Naval Station, San Francisco’s Treasure Island, Hunters Point shipyard and now — for all intents and purposes — Candlestick Point. The company expects to reap hundreds of millions of dollars from each project once it is completed.
It was selected, along with Catellus, by the Alameda City Council on Wednesday night to redevelop the former Alameda Naval Air Station, and it has set its sights on Concord Naval Weapons Station in Contra Costa County.
But Lennar’s enterprising relationship with San Francisco City Hall — in which it has come to control much of the city’s remaining undeveloped land — gives the company unparalleled sway over how San Francisco will evolve, arguably rivaling the clout of the city’s elected leadership and the voters themselves.
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Mark Choey is Senior Sales Associate, Top Producer and principal of Climb Real Estate Group | Vanguard Properties. Mark specializes primarily in condo and loft sales in SOMA, South Beach, Rincon Hill, and Mission Bay.
Specializing in large buildings and especially new developments like The Infinity where he is the top agent in total sales, Mark has a passion for city living. Mark is the creator of www.SFnewdevelopments.com to help buyers and sellers navigate the dynamic new development condo housing market.
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