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A master developer is responsible for managing the overall process of turning a site into a development project. Unlike a builder of homes or offices, a master developer is responsible for overseeing all aspects of development from start to finish, including crafting plans for the development with the community, financing the project, preparing the site and constructing infrastructure (known as "horizontal construction"), and overseeing the project through final buildout. A master developer may also construct the buildings (the "vertical construction"—homes, offices, retail, and more) once site work and improvements are complete, or may select other builders to do so.
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The former CNWS Inland Area will be developed in phases. The City expects to hold competitive bidding processes to select the Master Developer.
No. As of April 16, 2021, the LRA is in the process of selecting a Master Developer. The LRA's goal is to have a Master Developer chosen by August 2021.
How much of the site is developed by the Master Developer is subject to future negotiation with the City Council. The project will likely be developed in phases by either the same or different Master Developers.
Several milestones must be reached before site development begins, including transfer of the property from the Navy. Development could begin as early as 2024 or 2025. Once development begins, full build-out of the site will take 30 to 35 years.