 The development was estimated to cost $2 billion and take 15 years to complete.Alameda Point Community Partners was selected over Catellus and Harbor Bay/Lennar, and signed a two-year exclusive negotiating contract as the property's master developer.By 2005, only Shea Homes and Centex Homes were working on redevelopment plans, and a Preliminary Development Concept called for building 1,700 homes on the site.