Overview
- A ceremonial groundbreaking was held Wednesday, September 9, 2026, with Mayor Daniel Lurie and Speaker Emerita Nancy Pelosi among officials who marked the start of construction.
- The full plan covers about 270 acres and calls for roughly 7,200 homes, a 2.8 million square foot innovation district, 100 acres of parks and 2.5 miles of public waterfront.
- FivePoint and the city say the first phase will deliver 700 homes with 300 set as affordable units and aims for completion of that phase by 2029.
- The project was enabled by a 2024 Board of Supervisors decision to decouple Candlestick from the adjacent Hunters Point Shipyard, which had delayed earlier plans because of contamination and cleanup disputes.
- Developers and officials say the work will be phased across the 2030s and into the 2040s and is pitched as local investment in housing, jobs and open space for the Bayview–Hunters Point community.