SAN FRANCISCO, April 19, 2017 (GLOBE NEWSWIRE) -- The paths of Joe Montana and Jerry Rice will connect forever. San Francisco is making sure of it.
FivePoint, a leading developer of mixed-use, master-planned communities in coastal California, in collaboration with the city of San Francisco, is melding tradition with modernization by naming the streets of a visionary new neighborhood on the site where Candlestick Park once stood after the heroes of the legendary stadium.
The recipients include sports legends Edward J. DeBartolo, Jr; Joe Montana; Jerry Rice; Coach Bill Walsh; Carmen A. Policy; Ronnie Lott; Barry Bonds; Orlando Cepeda; and Juan Marichal. FivePoint is especially honored to make this announcement as Carmen Policy, the former 49ers President and CEO, is recognized next week in San Francisco as a 2017 inductee into the Bay Area Sports Hall of Fame.
The Candlestick development – part of San Francisco’s largest redevelopment project in over a century – will transform the celebrated stadium’s former surroundings into a vibrant new community. Anchoring Candlestick will be an urban retail outlet center, as part of a joint venture with Macerich. Alongside the urban retail center, plans are underway for over 7,000 homes, neighborhood shops, restaurants featuring local cuisine, a Film and Arts Center for entertainment, a hotel, community services and nearly 110 acres of parks and open space.
With FivePoint’s companion neighborhood The San Francisco Shipyard, Candlestick will reclaim the last major tract of undeveloped Bayfront land – more than 750 acres along the southeastern shoreline – to build two distinctive communities carrying San Francisco’s spirit of creativity, livability and success into a new era.
The story of Candlestick Park, home to the 49ers and baseball’s Giants for five decades, is one of shared memories cherished for a lifetime. Candlestick’s newly named streets will help weave together past, present and future, echoing the spirit of San Francisco.
Stay tuned for more about Candlestick’s kick-off this summer.
ABOUT FIVEPOINT
Five Point Holdings is the largest owner and developer of mixed-use, master planned communities in coastal California based on the total number of residential home sites permitted under existing entitled zoning. FivePoint, based in Aliso Viejo, has major real estate holdings and developments in three of the most dynamic and supply-constrained markets along the California coast: Orange County, Los Angeles County and San Francisco County. For additional information, visit www.fivepoint.com.