The Alamedan: Council offers approvals for Del Monte development, December 3, 2014
Excerpt:
Separately, the council voted 4-1 to reject a pair of finalists to develop an 82-acre Alameda Point site where they hope to see a corporate campus.
Alameda Point Chief Operating Officer Jennifer Ott said neither developer was willing to offer cash for the property, pay for roads, sewers and other infrastructure that’s needed to support development there or offer performance milestones.
Daysog and Chen questioned whether negotiations could continue, but City Manager John Russo said he didn’t want to discourage other developers from inquiring about the site. Chen, who said it’s tough to find commercial developers who are interested in moving forward, voted against dumping the finalists.
Seth Hamalian of Mission Bay Development Group, one of the two developer finalists for the site, said he had offered to work with the city to find a build-to-suit user for the site. He said developers aren’t erecting office buildings without a user in place.