Title
Introduction of Ordinance Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of a Ten-Year Lease with Two Ten-Year Renewal Options and an Option to Purchase with Alameda Point Redevelopers, LLC for Building 8, Located at 2350 Saratoga Street at Alameda Point. (Base Reuse 819099)
Body
To: Honorable Mayor and Members of the City Council
From: Jill Keimach, City Manager
Re: Introduce an Ordinance Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of a Ten-Year Lease with Two Ten-Year Renewal Options and an Option to Purchase with Alameda Point Redevelopers, LLC for Building 8, Located at 2350 Saratoga Street at Alameda Point
BACKGROUND
Alameda Point Redevelopers (APR), an experienced master developer of multi-tenant small industrial and creative "maker" spaces, proposes leasing and developing Building 8 at Alameda Point. Building 8 is an approximately 270,000 square foot (sf), 3-story warehouse building constructed in 1940. The building has been vacant since decommissioning of the Naval Base (Base) in 1997, has no electricity or water and is in need of a complete re-roofing. The multiple stories, size and condition of the building has prevented the City from finding tenants with sufficient resources and experience to make the significant investment to bring the building up to code and make it marketable to potential tenants. APR has a vision for making the building an enterprising, multi-tenant entrepreneurial and creative "maker" space that is comparable to their other projects in the Bay Area.
APR, led by Jonah Hendrickson and Kenneth Schmier, is a local developer with experience in preserving historic buildings while finding new, exciting uses serving small entrepreneurs in many sectors. Mr. Hendrickson recently developed the Berkeley Kitchens building in West Berkeley, a historic building renovated into a vibrant center for small food and bakery entrepreneurs within a b...
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