San Francisco Business Times: These five megaprojects promise to transform chunks of the Bay Area, November 1, 2018


4. Alameda Point

Description and size: Alameda is looking for a developer to build up to 291 homes and commercial/light industrial space at the West Midway portion of the former Alameda Point naval air station.

Status: Seven applications were submitted to the city by the Sept. 24 deadline, and four developers — Catellus Development Corp., Alameda Point Partners (Site A development team), Jamestown/Cypress Equity Investments and Brookfield Residential — are being reviewed by staff. Alameda expects to select a developer for West Midway by early next year. The separate $1 billion Site A mixed-use development, under construction just south of the West Midway site, includes 800 homes, 600,000 square feet of commercial space and a new ferry terminal with service to San Francisco. Site A’s developers include Trammell Crow Residential, srmERNST Development Partners, Madison Marquette, Eden Housing and Cypress Equity Investments.

Why it could be transformative: West Midway would help Alameda complete its lengthy attempt to develop the 878-acre former naval air station property, one of the largest such sites in the Bay Area. Officials say the major in-fill project features “amazing views of San Francisco, waterfront access and a new mixed-use community and an emerging technology center.”