Las Vegas Developers Progress With Coast Guard Housing Plans

A duo of Las Vegas developers are moving forward with a proposal for nearly 1,000 residential units on a former Coast Guard site in Concord.

Developers Eddie Haddad and Georges Maalouf are looking to build 940 homes across 59 acres at 3295 Haleakala Street in Concord, the San Francisco Chronicle reported. The team purchased the location in 2021 for $59 million.

The plans call for 403 townhomes, 409 detached homes, 56 accessory dwelling units and 72 affordable homes at the site. The developers are looking to “deliver meaningful housing that allows various income types to be able to experience and be a part of the Concord community,” David Bowlby, a representative for the team, told the Chronicle.

The proposal follows the Concord City Council’s recent approval of sweeping zoning changes intended to accommodate denser housing in commercial corridors and single-family neighborhoods. While the city has spent nearly two decades attempting to launch a large-scale redevelopment at the Concord Naval Weapons Station, that project remains stalled due to financing and entitlement hurdles. The city has floated the idea of building 15,000 housing units, a college campus, libraries, schools and enough office space to accommodate 30,000 workers across 2,225 acres, though the site remains empty today.

By contrast, the Haleakala Street project benefits from the developers already owning the underlying land, bypassing some of the complications of municipal site control. Mayor Laura Nakamura acknowledged the proposal as a “milestone” in the city’s efforts to expand residential opportunities.

The project’s success could serve as a bellwether for other developers looking to navigate Concord’s evolving regulatory landscape, according to the Chronicle. Council member Carlyn Obringer expressed support for the redevelopment of the former Coast Guard site, which has remained vacant for years.

“I know it can be done well,” Obringer said. “This piece of property has been sitting here for nearly five years so I’m glad to see that it is moving forward in a positive direction in collaboration with the surrounding neighborhood.”

A formal application has not yet been filed, though Bowlby said the team hopes to submit the application soon.

— Chris Malone Méndez