According to the announcement, the developer withdrew its housing development application from the City of Alameda on November 19th.
Time Lewis Communities had won a federal auction for the property, over the protests of East Bay Regional Parks District, which wanted to acquire the land to extend its park at Crab Cove.
A flurry of lawsuits followed, with the regional park district suing the City of Alameda, and the federal government suing the State of California and the parks district over the rights to McKay Avenue, the only access to the parcel.
Residents opposed to the residential development of the property forced the city into rezoning it for open space in July of this year.
Ownership of the property remains with the federal government.