ALAMEDA, CA—Nearly half of the 68-acre Site A parcel at Alameda Point (30 acres) were transferred from the city to Alameda Point Partners, the city's private partner. This transfer paves the way for the mixed-use transit-oriented waterfront development at Site A, the gateway to Alameda Point.
The project represents the first major public/private development at Alameda Point since Naval Air Station Alameda closed, eliminating 18,000 jobs in 1997. The project will create approximately 1,500 on-site permanent jobs and 2,500 direct construction jobs during the life of the project and serve as the catalyst for thousands of future jobs.
Construction of major infrastructure will commence later this month, including new water, sewer, electrical and gas lines, and newly paved streets with bike and transit lanes. Phase one will also include 8 acres of new parks.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
