Title
Recommendation to Approve an Exclusive Negotiation Agreement between the City of Alameda and Alameda United Commercial LLC for the Bachelors Enlisted Quarters. (Base Reuse 819099)
Body
To: Honorable Mayor and Members of the City Council
From: John A. Russo, City Manager
Re: Approve an Exclusive Negotiation Agreement between the City of Alameda and Alameda United Commercial LLC for the Bachelors Enlisted Quarters
BACKGROUND
Now that the City owns significant portions of Alameda Point and has completed major entitlements for the property [i.e., Environmental Impact Report, Zoning Ordinance Amendment (ZA), and Master Infrastructure Plan (MIP)], City staff is focused on facilitating near-term construction at Alameda Point, which 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 and it is important that the City take advantage of the favorable market conditions and start to make the community's vision for Alameda Point a reality.
In the interest of attracting new investment to Alameda Point, the City issued request for qualifications from developers for two sites within new development areas, as well as continues to pursue commercial and residential leasing as well as development opportunities within the Naval Air Station Alameda (NAS Alameda) Historic District. City staff and its leasing agent, Cushman & Wakefield, are often approached by businesses and developers interested in leasing and development opportunities at Alameda Point. In fact, many of the existing leases at Alameda Point, including the successful food and beverage manufacturing businesses within the NAS Alameda Historic District, are the result of favorable responses by the City to inquiries from interested businesses and developers.
City staff was approached by Alameda United Commercial LLC, in conjunction with Salvatore Caruso Design Corp...
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