Brookfield Residential just received unanimous approval from the Concord City Council to redevelop the Concord Naval Weapons Station in Northern California. Brookfield’s master-planned community is expected to revitalize the San Francisco Bay Area with the proposed development of 12,000 new homes, businesses, schools, fire stations and around 800 acres of dedicated parks.
Estimations are putting the cost of the project at $7 billion, with $628 million directly to the Navy.
For over two decades projects to transform the site were sidelined. For example, in 2016, Lennar was chosen as the developer for the site before parting ways in 2020.
Immediate cleanup of the site is the priority, with construction slated to begin in 2030. Brookfield Residential currently has two active communities in Northern California, Amoruso Ranch and Riversound.
“And for the first time, we have an agreement between the city, our master developer, and the Navy, over how much we’re going to pay the Navy for the 2,400 acres we’re going to develop on the former Concord Naval Weapons Station,” said base reuse director Guy Bjerke.
