The former stadium at Candlestick Point will become home to a 500,000-square-foot “urban outlet” shopping center under a new agreement reached between home builder Lennar Corp. and retail developer Macerich.

 

The shopping center would be designed as a pedestrian-friendly retail anchor for a $1 billion development that will eventually include 6,000 homes and create more than 3,000 jobs.

 

The project would feature neighborhood retailers, restaurants, an African-diaspora-themed marketplace, movie theaters, a performance venue and hotel. It also would include rental and for-sale homes, according to Lennar. Unlike most outlet centers, Candlestick Point will be dense, with underground parking and housing and entertainment above the stores.

 

The retail center, slated to open in 2017, would serve the thousands of residences that are being built both at Candlestick Point and up the hill on the former Hunters Point Shipyard property. Between the two properties, the Shipyard and Candlestick Point, up to 12,000 housing units would be built over the next 10 to 20 years.

 

VERVE views this holistic approach to community development as an opportunity for the developer to be at the vanguard of urban design by creating an Eco-District community infrastructure focused on environmental sustainability, technology, and self-sustaining.  This means taking advantage of existing technologies to generate energy with the lowest environmental impact.  This also means looking toward future technologies to design a community whose inhabitant will enjoy the comforts of a small neighborhood while living adjacent to one of the most progressive cities in the world.

 

VERVE continues to develop and update sustainable concepts for implementation into the redevelopment of the project as it begins its construction phase.