Title
Recommendation to Approve Outline for Request for Qualifications and Form of Exclusive Negotiation Agreement for Two Development Sites at Alameda Point. (Base Reuse 819099)
Body
To: Honorable Mayor and Members of the City Council
From: John A. Russo, City Manager
Re: Approve Outline for Request for Qualifications for Developers and Form of Exclusive Negotiation Agreement for Two Development Sites at Alameda Point
BACKGROUND
Now that the City owns significant portions of Alameda Point and has completed major entitlements for the property [i.e., environmental impact report, rezoning, and Master Infrastructure Plan (MIP)], City staff is focused on facilitating near-term construction at Alameda Point. This construction has the potential of generating thousands of jobs, millions of dollars in tax revenue and over a thousand housing units. Additionally, the regional economy is currently very strong; the City must take advantage of these favorable market conditions to take the community's vision for Alameda Point from mere plan to concrete reality.
To begin near-term development at Alameda Point, City staff proposes issuing two Requests for Qualifications (RFQ) for two lynchpin development sites at Alameda Point, referred to in the attached map as Site A and Site B (see Exhibit 1). Site A consists of 68 acres within the Waterfront Town Center (WTC) Sub-district and Site B consists of a total of 82 acres, of which 14 acres are within the WTC Sub-district, 38 acres within the Enterprise 1 (E-1) Sub-district, 23 acres within the Enterprise 2 (E-2) Sub-district, and seven acres within Enterprise 3 (E-3) Sub-district.
Staff proposes that the RFQ for Site A solicit development interest for a residential/commercial mixed-use project consistent with the Town Center Waterfront Plan and MIP. The RFQ for Site B should solicit interest in developing mixed commercial projects, with a focus on a major sales tax generator, such as a premium reta...
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