Concord Reuse Plan

Project Description

Transforming Concord Naval Weapons Station into a dynamic mixed-use hub leveraging transit connectivity and innovative economic strategies.

MXD was retained by Lennar/FivePoint to perform a Real Estate Market Study and Economic Analysis for the Concord Naval Weapons Station in Concord, CA. MXD first analyzed the commercial development strategy for the entire 5,000 acre site, and then focused on Phase 1 (500 acre) mixed-use redevelopment site which included master planning the future TOD hub at the North Concord/Martinez BART station. A focus of the study was to determine the development typologies and amenity packages required to leverage the already strong transportation connectivity at the site, to attract emerging business sectors and innovation that resides in Silicon Valley and San Francisco.

Degree of Success: MXD conducted an in-depth real estate market analysis to determine a recommended land use scenario and development mix for the redevelopment site. Upon confirmation and refinement of the development program with the urban design team, MXD performed an in-depth financial analysis for the first 500-acres of the site. The City of Concord’s original community plan had over-allocated the amount of retail and commercial uses that the site could absorb. MXD’s real estate market analysis provided a realistic and flexible absorption schedule that refined the original community plan, placing more emphasis on high quality retail and commercial product that would differentiate itself from products in Downtown Concord.

Integrating market demand, financial analysis, with phasing and urban design, allowed the client team to identify the optimal development scenario that would be most feasible to implement. MXD’s inputs into land use, development typologies, positioning, and phasing allowed the plan to progress to “Specific Area Plan” in 2018, and Phase 1 of development is expected to commence in 2020.