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A massive Canadian developer with tens of thousands of lots spread across North America and a group that includes some prominent Bay Area developers have been named finalists in the race to win the right to build a neighborhood of homes and shops at Alameda Point.

The City Council will decide on September 2 whether to negotiate with both Calgary-based Brookfield Residential and Alameda Point Partners – a team of developers that includes Alameda-based SRM Ernst, retail powerhouse Madison Marquette, multifamily homebuilder Thompson Dorfman Partners and affordable housing builder Eden Housing – for the development of a 68-acre parcel of the Point that includes part of a future town center.

The council could pick a developer for the new, mixed-use neighborhood in November, and negotiations for a final deal could take six months to a year. Finalists for a second, 82-acre parcel where city leaders hope to see either a major corporate user or outlet mall are to be considered by the council on September 16.