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Posts Tagged ‘local redevelopment authority’

Planning Board Endorses Proposal for Alameda Point

  • May 13, 2015
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Plans to convert a 68-acre portion of the former Naval Air Station Alameda, Calif., into a mixed development with homes, commercial space and parkland moved one step closer to being realized this week after Alameda’s Planning Board unanimously approved the proposal. The city council will take up the plan next month, when it also will consider the development agreement the city has struck with Alameda Point Partners for the parcel, reported the Alamedan. The city selected Alameda Point Partners after deciding to direct the project itself following two failed efforts led by master developers over the past decade …

Turnaround Company Poised to Take over South Weymouth Redevelopment

  • May 10, 2015
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Two years after Starwood Land Ventures gained control of the redevelopment of the former South Weymouth Naval Air Station from the project’s initial master developer, a new firm is promising to revitalize the long-stalled effort. After signing a purchase and sale agreement, Raleigh, N.C.-based LStar Management is scheduled to complete its purchase of Starwood’s stake in SouthField, located outside of Boston, on Wednesday. The transaction would represent the latest chapter in a reuse effort that has made only limited headway since the air station closed in 1997. Progress on commercial development at the base has languished, although home construction began in 2011 …

Atlanta May Need to Help Finance Sale of Ft. McPherson

  • April 22, 2015
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The Atlanta City Council this week approved extending a $13 million line of credit to the Fort McPherson LRA, allowing the purchase of 330 acres of the post by filmmaker Tyler Perry to go ahead. Mayor Kasim Reed requested the line of credit as a backstop in the event the McPherson Implementing Local Redevelopment Authority is unable to pay the Army the $26 million it is asking for the 488-acre installation. Reed told the council it needed to act with urgency …

Lennar, Catellus Move on in Master Developer Competition for Concord Redevelopment

  • April 15, 2015
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The Concord City Council on Tuesday selected Lennar Urban and Catellus Development Corp. as finalists to redevelop the former Concord Naval Weapons Station into more than 12,000 units of housing and more than 6 million square feet of commercial property. The council is expected to select a master developer for the East Bay site in northern California this summer. Its decision matched an advisory board’s recommendation that Lennar and Catellus had more extensive experience converting closed bases into large-scale, mixed use projects than a third candidate, SunCal …

Tourism Zone to Provide Development Incentives at Ft. Monroe

  • April 12, 2015
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The Hampton City Council last week created a tourism zone at the former Fort Monroe, Va., a designation providing tax incentives and financing options for hotels, restaurants and other tourism-related projects. The council established two zones, covering multiple neighborhoods. “Those areas are ripe for tourism-related growth and development,” said Hampton Economic Development Director Leonard Sledge. The most significant incentive localities can offer a developer under the state initiative is a tax arrangement covering up to 30 percent of a project’s total construction cost …

Driverless Car Test Site at Closed Base to Provide Long-Term Gains to Concord

  • April 8, 2015
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Officials from the city of Concord and the Contra Costa Transportation Authority believe a new testing facility for self-driving cars established at the former Concord Naval Weapons Station in northern California will prove a boon for economic development and further the city’s pursuit of advanced manufacturing jobs. Last week the transportation authority announced that Honda would join Mercedes-Benz in testing autonomous vehicles at the 2,100-acre GoMentum Station, a research and testing hub for self-driving cars, vehicles equipped with technology to communicate with each other, “smart” traffic signals and other new technologies. The two auto manufacturers plan to take advantage of the shuttered base’s 20 miles of paved roads, including railroad crossings, parking lots, curved roadways, tunnels and streets laid out like a city grid …

Parkway Extension Requires Public Investment, SouthField Developer Says

  • April 1, 2015
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The master developer for the former Naval Air Station South Weymouth is pressing the commonwealth of Massachusetts to spend between $20 million and $40 million to extend an access road through the reuse project. A deal to fund the road would position the long-troubled redevelopment, called SouthField, to attract commercial development as the region’s real estate market heats up. Extending the road to Route 18 would create a more welcoming entrance and ease access to the property, say officials with Starwood Land Ventures. The developer, though, has indicated it would pull out of the reuse in the absence of state funding, reported the Boston Globe …

SunCal Revives Redevelopment at former Oak Knoll Hospital

  • March 30, 2015
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Seven years after plans to redevelop the former Oak Knoll Naval Hospital in Oakland foundered, Irvine, Calif.-based SunCal has filed plans for a mixed-use development on the 187-acre site. SunCal acquired the hospital campus in partnership with Lehman Brothers for $100.5 million from the federal government in 2005, reported the San Francisco Business Times. Progress stalled, however, after Lehman filed for bankruptcy in 2008. SunCal paid $76 million to purchase the property from Lehman last year …

Navy Reaches Penultimate Step in Horsham Environmental Review Process

  • March 22, 2015
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A final environmental impact statement (EIS), which favors the local redevelopment authority’s reuse plan, has been issued by the Navy …

Three Finalists Make Pitch for Concord Redevelopment

  • March 19, 2015
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Three real estate companies competing to be the master developer of the former Concord Naval Weapons Station presented their proposals to the LRA on Saturday. Catellus Development Corp., Lennar Urban and SunCal have offered proposals for what is described as one of the largest projects in the Bay Area …

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