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City Ventures Takes Another Crack At Becoming Master Developer For Concords Naval Weapons Station

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City Ventures, a San Francisco and Irvine-based developer, has announced that it will yet again pursue the contract to develop a 2,300-acre section of the Concord Naval Weapons Station. City Ventures had previously responded to Concord’s Request for Qualifications in 2021, but was not selected for the project. The development aims to create a mixed-use community, including thousands of homes and millions of square feet of commercial space.

In a letter to the city in February, City Ventures requested that the city consider it as the formal renewal of its interest in serving as the master developer for the project. The developer emphasized its expertise in public-private partnerships to redevelop land throughout California, and its commitment to building inclusive and environmentally friendly masterplan housing and mixed-use projects. City Ventures also stated that it is committed to a project labor agreement with the Contra Costa County Building Trades Council.

The city of Concord is expected to relaunch its third search for a master developer in April, and aims to make its selection and complete necessary negotiations within six to nine months. The city released a staff report on Friday on its proposed strategy for the relaunch, which includes a hybrid Request for Qualifications (RFQ) to ensure a speedy selection. The new developer will be required to propose a term sheet and finance and work with the city to draft a Specific Plan, prepare an Environmental Impact Report, and help negotiate the Economic Development Conveyance of the land earmarked for development with the U.S. Navy. The master developer will also be required to invest significant resources into infrastructure at the site, and the project is estimated to cost $5 billion.

The City Council will reconsider its approach to the project, including the requirement for a project labor agreement and increasing the unit count to ensure financial feasibility, and will vote to authorize the new RFQ and officially launch the solicitation process at a hearing scheduled in April. Overall, the repeated setbacks and changes in master developers for the Concord Naval Weapons Station project are disappointing and have left many wondering if the project will ever move forward. It is crucial that the city identifies a suitable developer who can bring this ambitious project to fruition and provide much-needed homes and commercial space to the area.

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