I am trying to connect to my sandbox environment in eclipse by creating a new Force.com project. I am able to login normally through a browser but for an unknown reason I get a timeout when trying through new project. 

Some details:

• We are sitting behind a proxy but eclipse is able to download the plugins (Force IDE, debugger and lightning) without issue. Proxy info is already configured in the workspace by default thanks to our org.
• I tried using Java 7 and 8 but still get the same issue. Obviously this should work for both.

================ LOGS ==============

!ENTRY com.salesforce.ide.core 2 0 2018-09-19 14:33:21.920
!MESSAGE  WARN [2018-09-19 14:33:21,915] (BaseRetryAspect.java:isLoginExceptionRetryable:124) - Login evaluation deemed exception not retry-able:
 ConnectException: Connection timed out: connect


!ENTRY com.salesforce.ide.core 2 0 2018-09-19 14:33:21.964
!MESSAGE  WARN [2018-09-19 14:33:21,921] (BaseRetryAspect.java:isConnectionExceptionRetryable:159) - Connection evaluation deemed exception not retry-able:
 ConnectException: Connection timed out: connect


!ENTRY com.salesforce.ide.core 2 0 2018-09-19 14:33:21.971
!MESSAGE  WARN [2018-09-19 14:33:21,965] (ProjectController.java:getRemotePackageNames:862) - Unable to get project packages for project 'Dev5': Connection timed out: connect


!ENTRY com.salesforce.ide.core 2 0 2018-09-19 14:33:21.985
!MESSAGE  WARN [2018-09-19 14:33:21,983] (ProjectOrganizationPage.java:prepareNextPage:278) - Unable to load org details - package names and component enablement

!STACK 0
java.net.ConnectException: Connection timed out: connect
    at java.net.DualStackPlainSocketImpl.waitForConnect(Native Method)
    at java.net.DualStackPlainSocketImpl.socketConnect(DualStackPlainSocketImpl.java:85)
    at java.net.AbstractPlainSocketImpl.doConnect(AbstractPlainSocketImpl.java:350)
    at java.net.AbstractPlainSocketImpl.connectToAddress(AbstractPlainSocketImpl.java:206)
    at java.net.AbstractPlainSocketImpl.connect(AbstractPlainSocketImpl.java:188)
    at java.net.PlainSocketImpl.connect(PlainSocketImpl.java:172)
    at java.net.SocksSocketImpl.connect(SocksSocketImpl.java:392)
    at java.net.Socket.connect(Socket.java:589)
    at sun.security.ssl.SSLSocketImpl.connect(SSLSocketImpl.java:673)
    at sun.net.NetworkClient.doConnect(NetworkClient.java:175)
    at sun.net.www.http.HttpClient.openServer(HttpClient.java:463)
    at sun.net.www.http.HttpClient.openServer(HttpClient.java:558)
    at sun.net.www.protocol.https.HttpsClient.<init>(HttpsClient.java:264)
    at sun.net.www.protocol.https.HttpsClient.New(HttpsClient.java:367)
    at sun.net.www.protocol.https.AbstractDelegateHttpsURLConnection.getNewHttpClient(AbstractDelegateHttpsURLConnection.java:191)
    at sun.net.www.protocol.http.HttpURLConnection.plainConnect0(HttpURLConnection.java:1199)
    at sun.net.www.protocol.http.HttpURLConnection.plainConnect(HttpURLConnection.java:1050)
    at sun.net.www.protocol.https.AbstractDelegateHttpsURLConnection.connect(AbstractDelegateHttpsURLConnection.java:177)
    at sun.net.www.protocol.http.HttpURLConnection.getOutputStream0(HttpURLConnection.java:1334)
    at sun.net.www.protocol.http.HttpURLConnection.getOutputStream(HttpURLConnection.java:1309)
    at sun.net.www.protocol.https.HttpsURLConnectionImpl.getOutputStream(HttpsURLConnectionImpl.java:259)
    at com.sforce.ws.transport.JdkHttpTransport.connectRaw(JdkHttpTransport.java:136)
    at com.sforce.ws.transport.JdkHttpTransport.connectLocal(JdkHttpTransport.java:100)
    at com.sforce.ws.transport.JdkHttpTransport.connectLocal(JdkHttpTransport.java:95)
    at com.sforce.ws.transport.JdkHttpTransport.connect(JdkHttpTransport.java:91)
    at com.sforce.ws.transport.SoapConnection.send(SoapConnection.java:95)
    at com.sforce.soap.partner.wsc.PartnerConnection.login(PartnerConnection.java:1065)
    at com.salesforce.ide.core.remote.Connection.login(Connection.java:254)
    at com.salesforce.ide.core.remote.Connection$$FastClassByCGLIB$$8e61a81d.invoke(<generated>)
    at net.sf.cglib.proxy.MethodProxy.invoke(MethodProxy.java:149)
    at org.springframework.aop.framework.Cglib2AopProxy$CglibMethodInvocation.invokeJoinpoint(Cglib2AopProxy.java:700)
    at org.springframework.aop.framework.ReflectiveMethodInvocation.proceed(ReflectiveMethodInvocation.java:149)
    at org.springframework.aop.aspectj.MethodInvocationProceedingJoinPoint.proceed(MethodInvocationProceedingJoinPoint.java:77)
    at com.salesforce.ide.core.internal.aspects.LoginRetryAspect.loginRetry(LoginRetryAspect.java:34)
    at sun.reflect.NativeMethodAccessorImpl.invoke0(Native Method)
    at sun.reflect.NativeMethodAccessorImpl.invoke(NativeMethodAccessorImpl.java:62)
    at sun.reflect.DelegatingMethodAccessorImpl.invoke(DelegatingMethodAccessorImpl.java:43)
    at java.lang.reflect.Method.invoke(Method.java:498)
    at org.springframework.aop.aspectj.AbstractAspectJAdvice.invokeAdviceMethodWithGivenArgs(AbstractAspectJAdvice.java:627)
    at org.springframework.aop.aspectj.AbstractAspectJAdvice.invokeAdviceMethod(AbstractAspectJAdvice.java:616)
    at org.springframework.aop.aspectj.AspectJAroundAdvice.invoke(AspectJAroundAdvice.java:64)
    at org.springframework.aop.framework.ReflectiveMethodInvocation.proceed(ReflectiveMethodInvocation.java:171)
    at org.springframework.aop.framework.adapter.MethodBeforeAdviceInterceptor.invoke(MethodBeforeAdviceInterceptor.java:50)
    at org.springframework.aop.framework.ReflectiveMethodInvocation.proceed(ReflectiveMethodInvocation.java:171)
    at org.springframework.aop.interceptor.ExposeInvocationInterceptor.invoke(ExposeInvocationInterceptor.java:90)
    at org.springframework.aop.framework.ReflectiveMethodInvocation.proceed(ReflectiveMethodInvocation.java:171)
    at org.springframework.aop.framework.Cglib2AopProxy$DynamicAdvisedInterceptor.intercept(Cglib2AopProxy.java:635)
    at com.salesforce.ide.core.remote.Connection$$EnhancerByCGLIB$$a39cd227.login(<generated>)
    at com.salesforce.ide.core.factories.ConnectionFactory.getNewConnection(ConnectionFactory.java:82)
    at com.salesforce.ide.core.factories.ConnectionFactory.storeConnection(ConnectionFactory.java:167)
    at com.salesforce.ide.core.factories.ConnectionFactory.getConnection(ConnectionFactory.java:134)
    at com.salesforce.ide.core.project.ProjectController.getRemotePackageNames(ProjectController.java:847)
    at com.salesforce.ide.core.project.ProjectController.loadRemotePackageNames(ProjectController.java:876)
    at com.salesforce.ide.ui.wizards.project.ProjectOrganizationPage$1.run(ProjectOrganizationPage.java:343)
    at org.eclipse.jface.operation.ModalContext.runInCurrentThread(ModalContext.java:437)
    at org.eclipse.jface.operation.ModalContext.run(ModalContext.java:353)
    at org.eclipse.jface.dialogs.ProgressMonitorDialog.run(ProgressMonitorDialog.java:483)
    at org.eclipse.ui.internal.progress.ProgressMonitorJobsDialog.run(ProgressMonitorJobsDialog.java:237)
    at org.eclipse.ui.internal.progress.ProgressManager.run(ProgressManager.java:989)
    at com.salesforce.ide.ui.wizards.project.ProjectOrganizationPage.loadOrgDetails(ProjectOrganizationPage.java:331)
    at com.salesforce.ide.ui.wizards.project.ProjectOrganizationPage.prepareNextPage(ProjectOrganizationPage.java:234)
    at com.salesforce.ide.ui.wizards.project.ProjectOrganizationPage.getNextPage(ProjectOrganizationPage.java:223)
    at org.eclipse.jface.wizard.WizardDialog.nextPressed(WizardDialog.java:857)
    at org.eclipse.jface.wizard.WizardDialog.buttonPressed(WizardDialog.java:413)
    at org.eclipse.jface.dialogs.Dialog.lambda$0(Dialog.java:619)
    at org.eclipse.swt.events.SelectionListener$1.widgetSelected(SelectionListener.java:81)
    at org.eclipse.swt.widgets.TypedListener.handleEvent(TypedListener.java:249)
    at org.eclipse.swt.widgets.EventTable.sendEvent(EventTable.java:86)
    at org.eclipse.swt.widgets.Display.sendEvent(Display.java:4428)
    at org.eclipse.swt.widgets.Widget.sendEvent(Widget.java:1079)
    at org.eclipse.swt.widgets.Display.runDeferredEvents(Display.java:4238)
    at org.eclipse.swt.widgets.Display.readAndDispatch(Display.java:3817)
    at org.eclipse.jface.window.Window.runEventLoop(Window.java:818)
    at org.eclipse.jface.window.Window.open(Window.java:794)
    at org.eclipse.ui.internal.actions.NewWizardShortcutAction.run(NewWizardShortcutAction.java:133)
    at org.eclipse.jface.action.Action.runWithEvent(Action.java:473)
    at org.eclipse.jface.action.ActionContributionItem.handleWidgetSelection(ActionContributionItem.java:565)
    at org.eclipse.jface.action.ActionContributionItem.lambda$4(ActionContributionItem.java:397)
    at org.eclipse.swt.widgets.EventTable.sendEvent(EventTable.java:86)
    at org.eclipse.swt.widgets.Display.sendEvent(Display.java:4428)
    at org.eclipse.swt.widgets.Widget.sendEvent(Widget.java:1079)
    at org.eclipse.swt.widgets.Display.runDeferredEvents(Display.java:4238)
    at org.eclipse.swt.widgets.Display.readAndDispatch(Display.java:3817)
    at org.eclipse.e4.ui.internal.workbench.swt.PartRenderingEngine$5.run(PartRenderingEngine.java:1150)
    at org.eclipse.core.databinding.observable.Realm.runWithDefault(Realm.java:336)
    at org.eclipse.e4.ui.internal.workbench.swt.PartRenderingEngine.run(PartRenderingEngine.java:1039)
    at org.eclipse.e4.ui.internal.workbench.E4Workbench.createAndRunUI(E4Workbench.java:153)
    at org.eclipse.ui.internal.Workbench.lambda$3(Workbench.java:680)
    at org.eclipse.core.databinding.observable.Realm.runWithDefault(Realm.java:336)
    at org.eclipse.ui.internal.Workbench.createAndRunWorkbench(Workbench.java:594)
    at org.eclipse.ui.PlatformUI.createAndRunWorkbench(PlatformUI.java:148)
    at org.eclipse.ui.internal.ide.application.IDEApplication.start(IDEApplication.java:151)
    at org.eclipse.equinox.internal.app.EclipseAppHandle.run(EclipseAppHandle.java:196)
    at org.eclipse.core.runtime.internal.adaptor.EclipseAppLauncher.runApplication(EclipseAppLauncher.java:134)
    at org.eclipse.core.runtime.internal.adaptor.EclipseAppLauncher.start(EclipseAppLauncher.java:104)
    at org.eclipse.core.runtime.adaptor.EclipseStarter.run(EclipseStarter.java:388)
    at org.eclipse.core.runtime.adaptor.EclipseStarter.run(EclipseStarter.java:243)
    at sun.reflect.NativeMethodAccessorImpl.invoke0(Native Method)
    at sun.reflect.NativeMethodAccessorImpl.invoke(NativeMethodAccessorImpl.java:62)
    at sun.reflect.DelegatingMethodAccessorImpl.invoke(DelegatingMethodAccessorImpl.java:43)
    at java.lang.reflect.Method.invoke(Method.java:498)
    at org.eclipse.equinox.launcher.Main.invokeFramework(Main.java:653)
    at org.eclipse.equinox.launcher.Main.basicRun(Main.java:590)
    at org.eclipse.equinox.launcher.Main.run(Main.java:1499)
    at org.eclipse.equinox.launcher.Main.main(Main.java:1472)