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California  + Bay Area  + Opportunity Zones  | 

Lennar Looking to Relinquish Mare Island Mega-Development

Miami-based Lennar reportedly plans to divest up to 500 acres on Mare Island to Nimitz Group. The move would signal it is relinquishing its role as master developer of the more than 5,000-acre mega-development in Vallejo, CA.

So far, Lennar has built 350 single-family homes on the South Mare Island site, though it controls roughly 650 acres of the former Naval shipyard. Lennar’s has entitlements for another 1,050 single-family and multifamily units, as well as roughly seven million feet of commercial space.

The transfer to Nimitz would initially involve 250 acres, followed later by another 250 acres of leased land undergoing environmental remediation. Mare Island has received federal Opportunity Zone status.

Nimitz is a partnership between Gaylon Lawrence, Jr., a billionaire Memphis investor, and Dave Phinney, a winemaker behind the Savage & Cooke Distillery on South Mare Island. Nimitz has proposed redeveloping 157 acres on the island’s northern portion with a 15-acre wine facility, a 56-acre film campus, as well as industrial and park space.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Development
  • ◦Sale/Acquisition
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