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Posts Tagged ‘local redevelopment authority’

New Development Pushes Chaffee Crossing into a New Chapter

  • June 25, 2014
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After a string of announcements in the past year about new development coming to Chaffee Crossing, the reuse project at the former Fort Chaffee in western Arkansas is transitioning into a new phase of development, reports the City Wire. “I think there’s going to be smaller scale developments just because, and particularly here at Chaffee Crossing, because of the configuration of our property now. We’ve sold a lot of large tracts and because of that, we now have a lot of smaller, specialized pieces of property,” said Ivy Owen, executive director of the Fort Chaffee Redevelopment Authority …

Former McClellan AFB Ready for Next Property Transfer

  • June 24, 2014
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McClellan Business Park, the redevelopment project at the former McClellan Air Force Base in northern California, shortly will accept ownership of an additional 198 acres of land from the Air Force. The business park already has been managing leasing for much of the tract, but a formal title transfer will make the job easier, said Alan Hersh, senior vice president for the project. Officially, the Air Force will hand the site over to Sacramento County before it goes to the business park. The property most likely will be used for aviation and industrial activities. All base property is scheduled to be turned over to the business park by 2019, reports the Sacramento Business Journal.

Dispute between LRA, Developer Continues over Way Forward at NAS South Weymouth

  • June 22, 2014
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The South Shore Tri-Town Development Corp., the LRA responsible for redeveloping the former Naval Air Station South Weymouth, and its master developer continue to remain at odds over a plan for jump starting development at the base located outside of Boston. Starwood Land Ventures’ plan, which requires approval by the state Legislature, would strip authority from the LRA and shift responsibility for public services and tax revenue to the surrounding communities of Weymouth, Abington and Rockland. Starwood is trying to gain the support of the three towns and in recent weeks has been negotiating the language of proposed legislation with the mayor of Weymouth …

Filmmaker Discussing Purchase of Land at Ft. McPherson

  • June 18, 2014
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Filmmaker Tyler Perry has been negotiating for several months with the LRA for the former Fort McPherson the purchase of a portion of the 486-acre site for a movie and television production complex, the Atlanta Journal-Constitution reported Wednesday. Following a vote by the McPherson Implementing Local Redevelopment Authority yesterday, Atlanta Mayor Kasim Reed said the city will now begin “robust” conversations with Perry, best known as the creator of the “Madea” film franchise …

Medical School to Establish Campus at Brooks City-Base

  • June 18, 2014
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The University of the Incarnate Word has reached agreement with Brooks City-Base to locate a new school of osteopathic medicine at the property on San Antonio’s South Side. The school, which is scheduled to open in 2016, will be followed by a number of other developments by the university at Brooks, including the relocation of some of the university’s nursing programs, and the establishment of a physician assistant school, school of physical therapy and an engineering school …

Concord LRA Narrows Master Developer Search to Four Firms

  • June 15, 2014
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The LRA for the former Concord Naval Weapons Station last week selected four firms with significant experience in base redevelopment to compete to convert the San Francisco Bay-area facility into a mix of residential, office and commercial uses. The four firms — Catellus Development Corp., FivePoint Communities/Lennar, J.F. Shea Co. and SunCal — were among eight companies responding to the city’s request for qualifications to become the master developer to implement the Concord Reuse Project Area Plan …

First Units Go on Sale at Hunters Point Redevelopment

  • June 13, 2014
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Lennar Urban opened up its sales office last week at the former Hunters Point Shipyard to launch sales of 88 modern townhomes and condominiums ranging in price from the mid $400,000s to $700,000s. The developer plans to finish the first model homes this summer and welcome the first residents in September, reports San Francisco Business Times. The project, named the San Francisco Shipyard, will transform 758 acres of the former Navy facility into a development with more than 12,000 homes when it’s completed. “The homes are going to be a breath of fresh air — a lot of people are getting priced out of San Francisco,” said Sheryl McKibben, vice president of sales and marketing at Lennar Urban. “We can’t build them fast enough …

Brunswick LRA Pays Back Navy Loan 10 Years Early

  • June 6, 2014
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Officials from the Midcoast Regional Redevelopment Authority (MRRA) presented a $3 million check to the Navy on Thursday, paying off part of its obligation for its economic development conveyance 10 years before it was due. The early loan payoff is a testament to the speedy transfer of the property from the Navy and the subsequent rapid redevelopment at Brunswick Landing and Topsham Commerce Park. The payment took place at the Defense Communities National Summit and will save the authority, the LRA for the former Naval Air Station Brunswick (NASB), about $1 million in interest and bank charges. “This action represents the types of sound fiscal management decisions that are made by the MRRA Board of Trustees in their oversight of the NASB redevelopment effort …

Ft. Chaffee LRA Hopes to Expand Historic District

  • June 3, 2014
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The LRA for the former Fort Chaffee in western Arkansas is planning to double the size of its 20-acre historic district as part of a long-term marketing effort. The district, built in the 1940s, represents “the heart’ of Chaffee Crossing, according to Joseph Chasteen, director of museums and the historic district for the Fort Chaffee Redevelopment Authority. “It shows the importance and impact Fort Chaffee had in Fort Smith,” Chasteen told the Times Record. The district’s most famous building is the barbershop where Elvis Presley received his first military haircut. The LRA restored the shop to its condition in 1958, and now is waiting on a grant to renovate the barracks were Presley stayed. Long-term plans call for turning the historic area into a walkable urban district and developing a “trail of tourism” from the post to downtown Fort Smith, Lorie Robertson, the authority’s director of marketing, told the paper.

Housing Construction at Treasure Island Could Begin in 2016

  • May 29, 2014
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Despite concerns about radiation contamination on parts of Treasure Island, the master developer is proceeding with plans to begin housing construction on the former naval station located in San Francisco Bay. The Navy may transfer the eastern end of the island along with all of adjacent Yerba Buena Island to San Francisco by the end of the year. At that point, the property would be turned over the development team of Lennar and Wilson Meany, reports the San Francisco Chronicle. Housing construction could begin on Yerba Buena by the middle of 2016, with 500 units completed by 2018, Lennar Urban President Kofi Bonner told the paper. Meanwhile, the Navy is planning to conduct radiological surveys of all occupied housing units on Treasure Island. The western end of the island, where the testing will occur, would be conveyed to the city between 2016 and 2021.

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