FivePoint starts roads and utilities for 675 homes; the full 7,218-home plan runs to 2048
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Overview
Updated 1 hour agoAfter 18 years of planning, the site of the demolished Candlestick Park finally gets construction crews in September 2026. FivePoint starts roads and utilities for about 675 homes — the first slice of a 7,218-home master plan on 270 acres in the Bayview.
The project is one of the Bay Area's largest urban infill developments, and a test of whether master-planned districts can relieve San Francisco's housing shortage. The city has built fewer than 4,000 homes a year for the past five years. The full buildout runs to 2048, with a central park scheduled for 2042.
Why it matters
If built, 7,218 homes would roughly equal two years of San Francisco's housing output — a test of whether mega-projects can break the city's building stall.
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People Involved
Organizations Involved
Infrastructure-first developer that builds roads and utilities, then sells entitled parcels to homebuilders.
Manages financing and cleanup duties at Candlestick Point and Hunters Point Shipyard.
Voted 8-3 on the 2010 entitlements and approved the 2024 financing changes and the 2026 final map.
Timeline
June 2008 September 2026
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Groundbreaking at Candlestick Point
Today MilestoneFivePoint starts roads and utilities for about 675 homes, the first phase of 7,218 planned.
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Final subdivision map approved
ApprovalFinal subdivision map approved, creating recordable parcels for construction.
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Street names approved
ApprovalBoard names 24 streets at Candlestick Point and renames Bill Walsh Way to Giants Drive.
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Tetra Tech settles soil-test fraud claims
LegalTetra Tech settles claims over faked Navy soil tests for $97M. Hunters Point, not Candlestick.
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Financing restructured, shipyard decoupled
FinancingBoard raises bond ceiling to $3.3B and separates Candlestick from Hunters Point.
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Outlet mall plans scrapped
Plan ChangeThe planned outlet mall is scrapped as online retail erodes demand.
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Candlestick Park demolished
MilestoneDemolition of Candlestick Park is completed, leaving a vacant 270-acre site.
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49ers' final game at Candlestick
Milestone49ers play their final game at Candlestick Park.
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Lennar entitlements approved
ApprovalBoard of Supervisors approves Lennar entitlements and environmental report, 8-3.
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Santa Clara approves 49ers stadium
Ballot MeasureSanta Clara voters approve a new 49ers stadium, sealing the team's exit.
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Voters approve Prop G
Ballot MeasureVoters pass Prop G, 62.5%, authorizing redevelopment of Candlestick and Hunters Point.
Historical Context
3 moments from history that rhyme with this story — and how they unfolded.
Mission Bay (1991–2020s)
San Francisco rezoned 300 acres of rail yards south of downtown in 1991 for the city's largest infill project. Decades of infrastructure work followed, with UCSF's campus anchoring the district.
Slowed by the dot-com bust and the 2008 crash, Mission Bay is now fully built out with condos, biotech labs, and AI offices.
Showed that large San Francisco infill projects take decades but can create a dense new neighborhood.
Candlestick follows the same playbook at a comparable scale, but starts with more housing and less commercial anchor.
Stapleton, Denver (1999–2020s)
Denver redeveloped its closed airport into a 12,000-home, master-planned neighborhood over two decades, including parks and transit.
Stapleton became a national model for transit-oriented infill, with density and amenities delivered in phases.
Demonstrated that airport- and stadium-scale infill can shift a metro's housing supply if the timeline is accepted.
Shows what a 7,000-plus-home infill district looks like when it succeeds — and the long timeline residents must accept.
El Toro Marine Corps Air Station (2002–present)
FivePoint (then Lennar's urban division) redeveloped the closed Marine Corps Air Station El Toro in Irvine into the Great Park and 2,100 acres of homes.
Became the template for FivePoint's infrastructure-first model: build roads and utilities, sell entitled parcels to builders.
Proved the parcel-sale and tax-increment model works across a full buildout cycle.
It's the same revenue model FivePoint is applying at Candlestick, at roughly one-eighth the acreage.
