San Francisco Shipyard

Date: 2016-02-26
After more than a decade of planning, the development of the Shipyard, San Francisco’s newest neighborhood, is underway. The multi-billion dollar undertaking will transform the long-dormant Hunters Point Naval Shipyard, a 495 acre de-commissioned Navy base along San Francisco’s southeast waterfront, into a vibrant master-planned community located just minutes from downtown San Francisco.
Development of the horizontal infrastructure for Phase I of the Shipyard has already commenced, clearing the way for vertical development to begin almost immediately. The 75-acre Phase I will consist of approximately 1,400 homes and 10,000 square feet of retail, including 25 acres of parks and open space. The eventual build-out of Phase I is projected to occur over the next five to seven years.


  • San Francisco Shipyard EB-5 Program Overview
As the United States Citizenship and Immigration Services (USCIS) has strict requirements regarding EB-5 project qualifications, GGG has created an EB-5 program to create discrete and distinct EB-5 funds to correspond with new job creation and continued financial return. The program has an established track record of success with USCIS.

Series A
Fund Name:  3G Fund 1
Number of investors: 54
Description: Land infrastructure
Subscription: Closed – fully subscribed
USCIS Status: I-924 Project Exemplar – Approved– Feb. 5, 2013
I-526 Petitions: Approvals received and ongoing
Project Status: Under construction;Land sales in progress

Series B
Fund Name:  3G Fund 2
Number of investors: 100
Description: Home construction
Subscription: Closed – fully subscribed
USCIS Status: I-924 Project Exemplar – Approved – Feb. 5, 2013
I-526 Petitions: Approvals received and ongoing
Project Status: Under construction;Homes sales on-going

Series C
Fund Name:  3G Fund 3
Number of investors:  192
Description: Home construction and land infrastructure
Subscription: Closed- fully subscribed
USCIS Status: I-526 Petitions pending
Project Status: Pre-development work underway

Series D –
Fund Name:  3G Fund 5
Number of investors:  71
Description: Home construction
Subscription: Fully reserved
Project Status:
 Closed and fully subscribed

Series E –
Fund Name:  3G Fund 5
Number of investors:  127
Description: Home construction
Subscription: On-going
Project Status:
 Closed and fully subscribed

  • Master Project Description

The Shipyard is the City of San Francisco’s largest-ever development project. This 20-year real estate venture is creating a vibrant new community on the shores of the San Francisco Bay. Situated 15 minutes from downtown San Francisco and only 45 minutes north from the bustling Silicon Valley, The Shipyard is ideally located in one of America’s most vibrant communities.

As a 775-acre master-planned development, it will provide opportunities for people to live, work, play and raise families in a new waterfront community. It will include 12,000 new housing units, 3.5 million square feet of commercial space, 895,000 square feet of retail space, and nearly 336 acres of recreational open space.

As a public-private partnership between the City and County of San Francisco and Lennar Corporation (NYSE: LEN), one of the largest residential builders in the United States, the Shipyard has received a variety of honors for superb planning, sustainability, community involvement, and its economic transformative potential. New homes, parks, retail and office space are currently under construction. For more information about the project, please visit the following websites: