Developer FivePoint Communities has cleared hurdles, and the financing flowing again for two major California projects, one on San Francisco's Treasure Island and one at the El Toro Marine Corps Air Station near Irvine.
Reporter Teresa Burney talks with Emile Haddad, CEO of FivePoint Communities, about the challenges of operating in today's economy. In the article, Haddad says, "We will be in the position of being the only private developer who can deliver finished home sites there when the market comes back."
Burney writes that FivePoint's major projects are getting financing and planning approvals in order to proceed:
"Last July approvals for 11,000 home sites and three million square feet of commercial were filed for Hunters Point /Candlestick Park, and a settlement with the Sierra Club was worked out in January; a settlement is being worked on with another group as well, Haddad said."
FULL STORY: FivePoint Communities Plans Ambitious Developments for California
S.F. Bay Area Megaprojects Not Coming to Fruition
Plans for numerous large-scale developments in the region mean thousands of housing units should be on the way, but constant delays and setbacks have left projects nowhere near completion.
California's Business-Friendly, Bipartisan Approach to Climate Change
Gov. Jerry Brown, accompanied by former Gov. Arnold Schwarzenegger, signed legislation to continue the cap-and-trade program initially authorized under a bill signed by his Republican predecessor 11 years ago at the same Treasure Island location.
An Expanding Vision for San Francisco's Treasure Island
San Francisco is starved for ideas for ways to meet growing demand for housing, and skyrocketing prices. Here's a big idea: how about building space for some 20,000 new residents on Treasure Island, located in the middle of the bay?
How Would Project 2025 Affect America’s Transportation System?
Long story short, it would — and not in a good way.
California Law Ends Road Widening Mandates
Housing developers will no longer be required to dedicate land to roadway widening, which could significantly reduce the cost of construction and support more housing units.
But... Europe
European cities and nations tend to have less violent crime than the United States. Is government social welfare spending the magic bullet that explains this difference?
California Room to Roam Act Prioritizes Wildlife Connectivity
A new state law requires new development and infrastructure to minimize disruption to local wildlife habitats and migration patterns.
Oregon Releases Historic Preservation Plan for Next Decade
A plan from the state’s State Historic Preservation Commission outlines priorities for preserving Oregon’s cultural and historic resources.
Austin’s Vision for I-35 Cap Parks Takes Final Shape
The city’s plan includes parks, entertainment pavilions, commercial space, sports fields, and other facilities over 30 acres of deck parks spanning a sunken Interstate 35.
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