The grading of hillsides for the first phase of redevelopment at the Hunters Point Shipyard will be substantially completed this month -- a major step toward preparing the site for the installation of infrastructure and the construction of new homes.

“Our focus now shifts to turning this site into a vibrant new neighborhood and a new economic engine for southeast San Francisco,” said Kofi Bonner, President of Lennar Urban’s Bay Area Division.

Lennar is building 1,500 residential homes during the first phase of the Shipyard’s redevelopment, 30 percent of which will be priced for low-income residents. Of the total 63 acres in the initial phase, 20 acres have been set aside for parks and open space, and 10,000 square feet of neighborhood-serving retail.