Title
Selecting a Development Team for the West Midway Project and Authorize the City Manager to Negotiate and Execute an Exclusive Right to Negotiate Agreement (ENA) with the Selected Development Team. (Base Reuse 819099)
Body
To: Honorable Mayor and Members of the City Council
EXECUTIVE SUMMARY
On February 5, 2019, the City Council selected two developer finalists, Alameda Point Partners (APP) and Jamestown/Cypress Equity Investments (CEI) to move forward in the selection process for the West Midway Project, which included answering supplemental questions developed by a City Council ad hoc committee. Shortly afterwards, the two finalists decided to explore forming a partnership to develop the West Midway Project. Recently, Jamestown/CEI withdrew from the developer selection process. This report provides the responses to supplemental questions from the remaining finalist APP, for City Council review and to determine whether it wants to move forward and select the development team and authorize staff to negotiate and execute an Exclusive Negotiation Agreement (ENA) with the selected developer.
BACKGROUND
On July 10, 2018, the City Council authorized staff to issue a Request for Qualifications (RFQ) for development of the West Midway Project at Alameda Point, a 22.8-acre area within the Main Street Neighborhood sub-district, located south of West Midway and bounded by Main Street on the east, Pan Am Way on the west and West Tower to the south (Exhibit 1). The site was made available through the consolidation of the existing supportive housing on approximately 34 acres occupied by Alameda Point Collaborative, Building Futures with Women and Children and Operation Dignity (Collaborating Partners) into to a 9.7-acre site they will own.
On September 24, 2018, the City of Alameda (City) received seven qualified responses. Staff and community partners evaluated the responses and interviewed the top four development teams. On February 2, 2019, the City Counci...
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