Title
Recommendation to Approve Jennifer Ott, City Manager; Abby Thorne-Lyman, Director of Base Reuse and Economic Development; Nicole Franklin, Base Reuse Manager; Len Aslanian, Assistant City Attorney; and Ted Anderson, Managing Director, Cushman & Wakefield, as Real Property Negotiators for 650 West Ranger Avenue, Alameda, CA 94501 (Building 92). (Base Resue and Economic Development 29061822)
Body
To: Honorable Mayor and Members of the City Council
From: Jennifer Ott, City Manager
EXECUTIVE SUMMARY
Staff is recommending that City Council designate Jennifer Ott, City Manager; Abby Thorne-Lyman, Director of Base Reuse and Economic Development; Nicole Franklin, Base Reuse Manager; Len Aslanian, Assistant City Attorney; and Ted Anderson, Managing Director, Cushman & Wakefield, as the real property negotiators for the sale for 650 West Ranger Avenue, Alameda, CA 94501 (Building 92), which will allow them to meet with City Council in closed session to discuss price and terms related to sale of the premises in a manner compliant with all applicable laws and to represent the City of Alameda (City) in negotiations with a public or private party.
BACKGROUND
Building 92, located at 650 West Ranger Avenue in Alameda, CA, offers a unique opportunity for adaptive reuse in Alameda Point's historically significant district. It spans approximately 89,000 square feet on an approximately 3-acre parcel of land and was built in 1942.
The Base Reuse and Economic Development department issued a Request for Proposal seeking qualified buyers to submit proposals by April 1, 2025. The City received responsive proposals from the following four entities: Alameda Point Redevelopers, Best Bay Apartments Inc., dba Riaz Capital, Berkeley Partners Acquisitions, LLC, and srmErnst Development Partners.
DISCUSSION
Under Government Code Section 54956.8, Title 5, Division 2, Part 1, Chapter 9, City Council must identify, in an open and public session, the real property negotiators for nego...
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