Title
Recommendation to Select the Brookfield Properties/Catellus Team to Develop the West Midway Project at Alameda Point and Authorize the City Manager to Negotiate an Exclusive Negotiation Agreement (ENA) with the Team Consistent with the Form of the ENA included in the Request for Qualifications (RFQ). (Base Reuse 819099)
Body
To: Honorable Mayor and Members of the City Council
EXECUTIVE SUMMARY
On March 3, 2020, the City Council directed staff to conduct a three-week Request for Qualifications (RFQ) solicitation for the development of the West Midway project by reaching out to the three development teams who responded to the previous RFQ and continued to express interest in developing the project. An updated RFQ was prepared and two development teams submitted Statements of Qualifications (SOQs) - (i) a partnership of Brookfield Properties and Catellus, and (ii) Cypress Equity Investments (CEI). Upon review and evaluation of the submittals and interviews with both teams, staff recommends that the City Council approve the Brookfield/Catellus team for development of West Midway and authorize the City Manager to negotiate an Exclusive Negotiation Agreement (ENA) consistent with the form of the ENA included in the RFQ. The RFQ and SOQs are attached as Exhibits 1-3.
BACKGROUND
The West Midway Project is a 32.5 acre mixed use development site that consists of a 22.8 acre market rate y site (Market Rate Site), and a 9.7acre affordable housing site (Rebuilding the Supportive Housing at Alameda Point or RESHAP Site). The Market Rate Site is a mixed-use project that includes 291 residential units and commercial uses, construction of all required backbone and in-tract infrastructure improvements for the property and all of the required backbone infrastructure for the adjacent RESHAP site. The RESHAP project is a 267-unit, 100% affordable housing development being built by Alameda Point Collaborative, Operation Dignity, and Building Futures with Women and Chi...
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