Title
Introduction of Ordinance Authorizing the City Manager to Execute a Lease with Longshot Space Technologies Corporation, a Delaware Corporation, for a Term of Thirty-Seven Months for a Portion of Building 29 known as Suite 200, Located at 1701 Monarch Street, at Alameda Point. [Requires four affirmative votes]
This action is categorically exempt from further environmental review pursuant to CEQA Guidelines Section 15301 (Existing Facilities). (Base Reuse and Economic Development 29161822)
Body
To: Honorable Mayor and Members of the City Council
From: Gerry Beaudin, City Manager
EXECUTIVE SUMMARY
Staff recommends that City Council authorize the City Manager to execute a thirty-seven (37)-month lease with Longshot Space Technologies Corporation, a Delaware corporation (Longshot), for an approximately 9,200 square-foot portion of Building 29, designated as Suite 200, and approximately 7,400 square feet of adjacent yard space, located at 1701 Monarch St, Alameda CA 94501 (Building 29), for a rate of $5,670 a month for the first twelve months, and an annual increase of 3.5% commencing on the 13th month.
BACKGROUND
Building 29, a City of Alameda (City)-owned building located at 1701 Monarch Street, is a flat-roof T-shaped concrete building containing approximately 19,480 square feet, located at the southwest corner of the Seaplane Lagoon. The building is a former Naval workshop and gun-testing facility built in 1987, and as such, this suite is unusually sized and configured and is usable only by a limited pool of businesses. Building 29 is slated for eventual demolition as part of the future DePave Park. In late 2023, City Council directed staff to keep the building occupied until the park construction is ready to proceed.
Dreyfuss Capital Partners, LLC currently leases Suite 100, which is occupied by a variety of metalworkers, craftspeople, and artists. Suite 200, the remaining portion of Building 29, is a long, narrow reinforced concrete corridor ...
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