Although port officials won't suggest which developers will receive the RFQs, 11 developers have expressed interest in the property, according to sources. Developers will have to figure out a way to incorporate office, retail, industrial and marina space and connect it to the nearby Lake Merritt channel.
The port will also ask developers to include public access to the waterfront and build related amenities and residential space, including live/work lofts, townhouses and single-family units. Currently, the area is home to mostly industrial and warehouse space, as well as a marina that is hardly used.
The RFQ were originally supposed to be circulated late last year, but port officials took the extra time to develop its criteria for the project. There was no information on what kind of timeline the port is working with. Officials say they would like to see construction start by the end of 2002.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.