Potential Alameda Point Developers Line Up for Development Opportunities as Initiative Gains Momentum
- Jul 09, 2014
Local authorities have long tried to get a major development project going at former Navy base, Alameda Point. Currently, nine different development teams have submitted their applications in response to a request for qualifications, in order to have a shot at working on the 82-acre parcel located on San Francisco Bay. The list of applicants is currently under review by local authorities. The city previously issued a request for quotation (RFQ) for a 68-acre residential and commercial mixed-use project along the main entrance to Alameda Point.
The developers are vying for the opportunity to develop about 800 residential units, as well as a mixed-use component at the 82-acre site. The parcel, adjacent to the Seaplane Lagoon, is part of the plot of land that has been vacant for 17 years now, mainly due to local opposition directly linked to the fear that excessive development would clog the bridges and tunnel that facilitate traffic to and from Alameda.
According to The San Francisco Business Times, the companies that responded to the RFQ include names such as Alameda Point Partners, Brookfield Homes, Catellus, Mission Bay Development Group, Rising Realty Partners, CIM Group, Tim Lewis Communities, Trumark, Williams & Dame Development with Zelman Development and Langley Investment Properties. Of the nine applicants, four of the companies are in contention for the commercial component at Alameda Point. Mission Bay Development, Trumark, Catellus and CIM are the four companies competing for the commercial project.
Alameda Point is an 878-acre section of the decommissioned Naval Air Station Alameda, located in the inner part of the San Francisco Bay about four miles from downtown Oakland, Calif. The project is set to provide a significant number of economic development through job creation, millions of dollars in tax revenues, and over one thousand housing units.
Image courtesy of alamedapointinfo.com