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Posts Tagged ‘local redevelopment authority’

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 …

Fort Ord Panel OKs Economic Development Plan

  • March 18, 2015
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The Fort Ord Reuse Authority late last week approved a $250,000 economic development plan for the former Army base in Monterey County, California. As part of the plan, the authority will hire a development coordinator, donate to California State University Monterey Bay entrepreneur events, join an economic partnership and assign staff resources to the effort. …

EPA Decision Allows Early Transfer to Advance at McClellan AFB

  • March 18, 2015
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The Environmental Protection Agency last week issued a record of decision for 130 acres at the former McClellan Air Force Base outside of Sacramento, Calif., paving the way for the Air Force to hand over additional property to the site’s master developer that has not yet been remediated. McClellan Business Park LLC has been cleaning up contaminated sites at the 3,450-acre installation under a privatization process begun in 2007. Under the program, the Air Force transfers both property and the responsibility to clean up the sites to the developer, along with funding to complete the remediation …

Local Officials Ponder Ways to Revive Development at Castle AFB

  • March 17, 2015
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Local leaders, lawmakers and planners gathered last week at Castle Commerce Center to exchange ideas for revitalizing redevelopment efforts at the former Castle Air Force Base in central California. The site now is home AT&T call centers, Big Creek Lumber, Hoffman Electronic Systems, Sierra Flight Academy and others businesses, but Merced County still is grappling with multiple challenges, including transportation, a lack of skilled workers and deficient water and wastewater infrastructure, reported the Merced Sun-Star. One priority for the county, which assumed full ownership of the 1,912-acre property in 2006, is obtaining funding to demolish 55 buildings …

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