Developer ready to present term sheet for CNWS
CONCORD, CA (Dec. 7, 2022) — Concord First Partners LLC’s proposed term sheet for the Naval Weapons Station development adds 3,323 residential units and includes 879 junior accessory dwelling units (ADUs).
CFP will bring its plan for the 2,275-acre site to the City Council at a special meeting Jan. 7 at the Senior Citizens Center. The term sheet was released last week, and there has been one public meeting so far. Another is scheduled for Dec. 15. There will be time for further public comment at the Jan. 7 meeting.
This is the second time the council has wrangled over a term sheet for the multi- billion dollar project. Last year, Lennar Five Point and the city reached an impasse over the use of labor for the project. The city refused to extend the deadline for the term sheet in February 2021 and the deal tanked. CFP is committed to a project labor agreement with the building and construction trades for all construction.
The new development group is comprised of 45% Seeno Co. Discovery Builders, 45% Lewis Concord and 10% California Capital & Investment Group. Its plan differs from Lennar’s in that it covers the entire project instead of just the first 500 acres.
The additional units “make the project financially feasible” for CFP, said Guy Bjerke, director of Economic Development and Base Reuse.
“While we are building the market rate units, they will have an ADU attached – giving the owner an affordable rental unit,” said Bjerke. “This way, they don’t have to use up additional land to meet the city’s 25% affordable housing commitment.”
The project will be completed in five phases over 40 years. Phase 1 will include 2,873 dwelling units, and 80 acres of parks and greenbelts. It will create more than 5,000 jobs.
Major infrastructure work – roads, water, sewer, utilities – for the entire project is estimated to cost $1.2 billion and will include widening Willow Pass Road, rebuilding the deadly Kinne Bridge and extending Evora Road to Port Chicago Highway.
Other community benefits include a 4-acre parcel for a Veterans Hall, homeless housing and land for Food Bank expansion, 856 acres of parks and trails, a contribution of $100 million toward a Tournament Sports Park, $65 million toward a Campus District Community Center and Library, a Delta-DeAnza trail connection and restoration of Mt. Diablo Creek.
All financial records will be open to the city. There will be a true-up or reconciliation report once a year which will be available to the public.