U.S. Army and SunCal Ink Development Deal
- Apr 13, 2011
Dublin, Calif.–The U.S. Army Reserve and private developer SunCal Cos. have signed a Reserve Property Exchange Agreement that will see the developer build new military facilities at Camp Parks Reserve Forces Training Area in Dublin, Calif. In exchange for developing the facilities for the Army, SunCal will receive 180 acres of land that it will develop into a master-planned community that will include a multifamily component.
The Department of Defense created Reserve Property Exchange Agreements to allow military bases to gain much-needed new facilities with no adverse impact on the federal budget. In some cases, the government has something more valuable than cash to a developer: well-located land.
On the 180 acres it is receiving, SunCal will develop Dublin Crossing, a pedestrian-friendly, mixed-use community that will connect the east and west sides of town, which are currently separated by Camp Parks. Dublin Crossing will be a transit-oriented development within walking distance of a Bay Area Rapid Transit station. The development will include 1,500 new homes (as yet the number of single-family vs. multifamily is undetermined), parks and several hundred thousand square feet of retail, office, hotel and industrial uses.
In return for the land, SunCal will build a new main gate and 4,300-square-foot administrative building for base police for Camp Parks. That will be followed by a 33,000-square-foot area maintenance support facility; a 33,000-square-foot regional medical training facility; a 42,000- square-foot Army Reserve training facility; a 40,000-square-foot public works/logistics warehouse; and a variety of road and utilities infrastructure construction and improvements.
SunCal is a master-planned and mixed-use property development specialist in California. Other master-planned communities developed by the company in that state include Amerige Heights in Fullerton; Lincoln Crossing near Sacramento; Westport at Mandalay Bay in Oxnard; and Serrano Heights in Orange.