The Alamedan: Development Alert..., December 1, 2014
Alameda Point postponement: City Manager John Russo is recommending that the council reject the two finalists vying for development rights to an 82-acre Alameda Point site designated for a commercial campus, known as Site B, and to delay any decision on the project for six months. The city has been negotiating with Catellus Development Corporation and Mission Bay Development Group since the City Council approved them as finalists in September, but neither has been willing to agree to upfront investments in infrastructure or land payments. Both developers said such commitments were too risky given the challenge of finding a corporate tenant for such an isolated location. Essentially, the city now believes that Site B will not attract the sort of commercial investment it had been hoping for until the adjacent, 68-acre waterfront town center development – with its planned housing, streets, utilities and ferry terminal – is further along. The Planning Board will receive a presentation on the status of Site A and meet representatives from Alameda Point Partners, the finalist the City Council picked to develop the town center site, at its December 8 meeting.
Bachelor Enlisted Quarters: The Planning Board is also set to consider approvals for redevelopment of the Bachelor Enlisted Quarters at 2401 Lexington Street on the Point. Developer Alameda United Commercial wants to fix up the 20-acre property – a former barracks and mess hall whose three buildings cover more than a half million square feet – for use as a boarding school, a senior assisted living facility, recreation and dining. The company had also proposed purchasing the Point’s taxiways and developing a hotel and 200 condominiums there, but that plan seems to have been terminated: Mayor Marie Gilmore announced a settlement agreement with the developer at the council’s November 18 meeting. The city was seeking $7.76 million for the Bachelor Enlisted Quarters, and Alameda United Commercial has offered $20 million to redo roads, utilities and other infrastructure to make the site suitable for use.