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Posts Tagged ‘base redevelopment/environmental cleanup’

Sale of Officer Housing to Result in Ft. Monmouth’s First Residential Project

  • July 5, 2015
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The LRA for the former Fort Monmouth last month approved the sale of 117 units of officer housing within the Fort Monmouth National Register Historic District in Oceanport, N.J., for $8.3 million, paving the way for the reuse effort’s first residential project. The officer housing is located on two parcels totaling 36.5 acres, and includes residential units in single, duplex and four-plex configurations surrounding and adjacent to the post’s parade ground. The developer’s proposal calls for 68 market-rate, for sale units north of the parade ground and 48 rental units south of the parade ground, according to a press release from the Fort Monmouth Economic Revitalization Authority. The South Post units would be a mix of market-rate and affordable housing rentals …

LRA Closes on Deal to Acquire Ft. McPherson from Army, Sell Bulk to Filmmaker

  • June 28, 2015
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The Fort McPherson LRA on Friday approved the sale of about 330 acres of the 475-acre post to filmmaker Tyler Perry, before the authority closed on its agreement with the Army to acquire the post located on the southwest edge of Atlanta. The McPherson Implementing Local Redevelopment Authority now owns 145 acres at the installation free and clear and will begin crafting a redevelopment plan for the property. The authority’s plans include walkable, mixed-use development connected to two MARTA stations, a vibrant historic village, mixed-use retail development supporting Perry’s film studios, office or medical office space, and market rate multifamily developments …

Construction at Former Walter Reed to Break Ground Late Next Year

  • June 28, 2015
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The joint venture converting the former Walter Reed Army Medical Center in northwest Washington, D.C., into a mix of housing and commercial development plans to break ground on the project’s first phase before the end of 2016. Plans for the 66-acre Parks at Walter Reed call for 250,000 square feet of retail, 2,000 housing units, a Hyatt hotel and conference center, and an “innovation core” of offices anchored by George Washington University, MIT and bioscience firms. The D.C. City Council could approve the transfer of the land from the Army late this year and simultaneously approve a 99-year ground lease to the joint venture of Hines Interests and Urban Atlantic …

Levesque Has Led Transformation of Shuttered Air Station into Thriving Business Mecca

  • June 23, 2015
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Steve Levesque’s determination to tap into Americans’ entrepreneurial spirit and help a community develop a strategy to deal with the loss of a major employer turned what could have been a devastating economic blow into a major opportunity. As executive director of the Brunswick Local Redevelopment Authority, Levesque was charged with preparing a master plan for the redevelopment of Naval Air Station Brunswick, Maine, once it closed. Since 2008, he has been executive director of the Midcoast Regional Redevelopment Authority, and has led the implementation and oversight of that master plan and guided the once-bustling installation toward civilian reuse …

City Approves $500M Plan to Transform Alameda Point

  • June 22, 2015
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The Alameda City Council last week approved plans to revitalize a 68-acre portion of the former Naval Air Station Alameda, Calif., into a mixed-use project featuring 800 homes and 600,000 square feet of retail and commercial space. Approval of the $500 million plan from Alameda Point Partners — which also calls for 15 acres of parks and open space, and possibly a new ferry terminal — comes after the city decided to direct the project itself following two failed efforts led by master developers over the past decade. The development team includes commercial builder srmErnst, retail company Madison Marquette, residential developer Thompson Dorfman Partners and nonprofit Eden Housing …

Ft. McPherson Sale to Filmmaker to Close Shortly

  • June 17, 2015
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The LRA for the former Fort McPherson is expected to close on the sale of 330 acres, about two-thirds of the 475-acre post located on the southwest edge of Atlanta, to filmmaker Tyler Perry for $30 million by the end of the month, reported the Wall Street Journal. The McPherson Implementing Local Redevelopment Authority plans to acquire the installation from the Army for $26 million. The property has been appraised for as much as $75 million. Perry, best known as the creator of the “Madea” film franchise, would purchase the property for $30 million to build up to 16 sound stages for a movie and television production complex. The redevelopment authority will retain more than 144 acres that it intends to remake into a mix of shops, offices, apartments and open space …

Google Considers Moving into Hunters Point

  • June 16, 2015
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Google is in the early stages of talks with Lennar Urban about leasing or acquiring space at the former Hunters Point Naval Shipyard in San Francisco. So far, the redevelopment’s plans for up to 10,500 residential units have received the lion’s share of attention about the project, but the Shipyard campus is slated to accommodate 800,000 square feet of office space by 2018 and an additional 2 million square feet by 2021, reports the Silicon Valley Business Journal. The Shipyard’s timeline for delivering office space could be favorable for Google as its subsidiary YouTube is facing the end of its current lease in 2018 …

Town Rejects Devens Rezoning Plan

  • June 16, 2015
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Voters in the town of Harvard, Mass., last week turned down a proposal by MassDevelopment to rezone a portion of Devens to lure a biotech company to the site 35 miles west of downtown Boston. Zoning changes at the former Fort Devens require approval from Harvard and the installation’s other two host communities, Ayer and Shirley. Only Harvard voters rejected the state development agency’s proposal to rezone a residential area on the western side of Devens to allow industrial and commercial uses. Harvard residents were concerned about the potential for a factory to create noise problems after a nearby manufacturing facility built by Evergreen Solar prompted similar complaints …

Hunters Point Bears Fruit after Decades of Battle over Contamination

  • June 12, 2015
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As new homeowners move into the first 88 units of new housing at the former Hunters Point Naval Shipyard this spring and summer, officials from the Navy, the city of San Francisco and master developer Lennar Urban could be excused if they breathe a sigh of relief while looking back at the hurdles that were overcome to reach this point. “It really is the culmination of many, many years of thinking about what to do and many fights over what to do, so it’s huge that we have new residents in those units,” Olson Lee, director of the mayor’s office of Housing and Community Development, told the San Francisco Chronicle. “Yes, it’s a former Superfund site. Yes, there were toxics on the site, but the city has followed all federal and state protocols that are part of the base conversion process to make sure all the new housing is safe …

Treasure Island Project Poised to Move ahead following Property Transfer

  • June 4, 2015
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Infrastructure development at Treasure Island could begin by 2016 with the first residential units going up the next year, following the Navy’s transfer last week of 290 acres at its former base in San Francisco Bay to the city of San Francisco. “This is a huge milestone … and a culmination of many years of work,” said Robert Beck, director of the Treasure Island Development Authority. The 290 acres encompass half of Treasure Island as well as adjoining Yerba Buena Island. The remaining 200 acres will be handed over in five subsequent transfers over the next seven years, Beck told the Examiner. The Navy will receive $55 million over the next 10 years for the land …

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