San Jose Mercury News: Planning Board to consider proposal for Alameda Point, May 6, 2015
The Planning Board will consider the transit-oriented proposal for the 68-acre site on Monday. The City Council is scheduled to review it on June 16. Alameda Point Partners, a team of developers that secured an exclusive negotiation agreement with the city in November, proposes to build up to 800 apartments, townhouses and condominiums and about 200,000 square feet of commercial space. About 200 housing units would be designated as affordable.
The plans for the area, which city officials call Site "A" and hope will spur redevelopment in other areas of the former U.S. Navy base, also include a ferry terminal.
"This is a responsible plan that has received a lot of community input," said Joe Ernst, the developer team's day-to-day manager for the project. "It's the time (to go forward with it)."
As part of its deal with the city, Alameda Point Partners would pay $108 million for the property and would build the project's infrastructure, work that city officials consider key because much of the infrastructure has been steadily eroding since the Navy closed the base in April 1997.