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Entitled Waterfront Project on the Block

SAN RAFAEL, CA-Oaktree Capital Management of Los Angeles is selling a marina property here for which it has obtained entitlements for a mixed-use development on the uplands.

By Brian K. Miller | Updated on October 14, 2007

(Read more on the multifamily market.)

SAN RAFAEL, CA-Oaktree Capital Management is looking to sell a marina property here now for which it has obtained entitlements for a mixed-use development on the uplands. The seven-year endeavor, which included the City Council’s rezoning of the property and amending the city’s 20-year plan, plus an estimated 28 public hearings and 100 community meetings, created a new future for what some call one of the most underutilized waterfront sites in Marin County.

Bounded by Point San Pedro Rd. and San Rafael Bay, Loch Lomond Marina consists of approximately 29.5 acres of dry uplands, an approximately 37.5-acre marina basin, and about 64 acres of open water. Most of the uplands are currently utilized as dry storage for boats, but the property also includes several commercial uses, including a neighborhood grocery store, a café, a yacht club, a bait shop, a canvass shop, a boat repair facility and a fuel dock.

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