The first major changes to a development agreement for Candlestick Point are set to go before the Planning Commission for approval today.
The Design for Development Agreement, approved by city officials in 2010, serves as the planning code for the Candlestick Point project. The effort replaces the former Giants and 49ers stadium that was torn down last year with a new neighborhood that includes housing, retail space, offices, a hotel and parks.
Amendments to that agreement include creating a 1,200-seat film arts center and 4,400-seat performance venue, instead of the single 10,000-seat arena that was initially planned. Reducing the amount of office space to allow for more retail uses is also proposed.
“Now that we’ve been able to get out there and do some studies and talk to people in the marketplace, we’ve learned what’s most viable in the community, [and] those are the venues we think are going to work best there,” said David Satterfield, a spokesperson for development giant Lennar Urban, which is heading the project.
The project is expected to yield 6,225 residential units and a 220-room hotel.
Lennar Urban is also developing the nearby Hunters Point Shipyard, which, combined with Candlestick Point, is expected to cost $8 billion.
Crews have already begun infrastructure construction at Candlestick Point, including the installation of sewers and electricity. Construction of the retail space will likely be built first and is anticipated to be complete by 2018. The remainder of the construction will be phased in over the following decade, Satterfield said.
The proposed changes also include additional details for community facilities, such as a fire station, safety hub, international African marketplace and welcome center.
Satterfield emphasized the proposed changes that will go before the Planning Commission are part of the development process and don’t significantly alter the overall plans for the site.
“As part of the whole agreement, we agreed to construct those things [like community facilities],” Satterfield said. “Now we’re getting into the nitty gritty of where they’ll be located and what they’ll look like. We’re starting with a blank slate … so we have to figure out what’s going to go where.”
The Planning Commission will also be asked if developers can relocate three of the project’s 12 proposed towers and increase the height limit for a number of buildings. The changes must also be approved by The City’s Commission on Community Investment and Infrastructure.