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July 6, 2020
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Marketing Underway for Multibillion Dollar San Francisco Waterfront Development


Developer FivePoint has begun marketing efforts for The Shipyard, a multibillion-dollar waterfront community along San Francisco’s southeastern shoreline. We’re told the project is the largest urban development on the West Coast.

The planned 5 msf development incorporates the iconic Candlestick Park site into adjoining communities with a unique range of features including an expansive 760-acre site; a combined 12,000 homes, with a selection of affordable and market-rate apartments, town homes and condominiums; over 1 msf of retail space; and more than 350 acres of waterfront parks, trails and restored shoreline.

Cushman & Wakefield Executive Managing Directors and Managing Principals, J.D. Lumpkin in San Francisco, and Mike Moran in the Peninsula and Silicon Valley, are leading the marketing efforts for the commercial space on behalf of FivePoint. According to Moran, the campus will be able to address office, R&D, Life Science and other creative uses on-site.

For prospective tenants, getting on board soon is important, according to Lumpkin. And that includes major tenants who want to create innovative office environments as well as fill many of the surrounding homes. “The early adopters will have a significant advantage in terms of what they are able to achieve here. The unique entitlements at The Shipyard will allow companies to create their own working environment with certainty and grow in phases at a scale that is simply not possible anywhere else in San Francisco,” Lumpkin said.

Highlights about The Shipyard community include:

• Scale – The SF Shipyard is the Bay Area’s largest, single commercial development under single ownership.

• Housing – The Shipyard, combined with its neighboring FivePoint development Candlestick Point, will bring in more than 12,000 new homes. A commercial tenant will have early visibility and opportunity in considering their employees housing. With Bay Area housing in short supply, this is a housing solution that is unique to The Shipyard. Employees at businesses in the Shipyard can have the convenience of living nearby, a work-housing connection that thousands can walk or bike to work.

• Transit – Transit and site access are major priorities for The Shipyard. The options are comprehensive, with future ferry service, shuttles to BART and CalTrain, light rail access, and enhanced bus service. Dedicated cycling paths, care-share and ride-share drop-off places are part of the mix, including parking for those who choose to drive to work.

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