Loading...
2006-12-05 2-B Power PointDecember 5, 2006 Catellus Alameda Landing Introduction Introduction to the Planning Process Disposition & Development Agreement The Master Plan Joint Public Hearing Power Point Presentation At the 12 -5 -06 Joint Meeting Re: Agenda Item #2 -B Site Context 2000 Approved Plan 485 Single family Residential Units 101 Affordable Units 7 -acre K -8 School 4 -acre Community Park 9.2 acres of Waterfront Park 1.3 million square feet of Office and R &D development Master Plan adopted in 2000 2 CIC /City Actions • Final Supplemental EIR & Findings • General Plan Amendment • Master Plan Amendment • Third Amendment to the Bayport Development Agreement • New Commercial Development Agreement for Alameda Landing • New Residential Development Agreement for Alameda Landing • Fifth Amendment to Bayport DDA • New DDA for Alameda Landing Why Change the Development Plan? Create a mixed -use development Maximize waterfront to create a special place Lack of demand for office Strong local demand for retail and residential Attract high - quality tenants Long -Range Planning • Site Constraints • Community Outreach Master Plan + Development Agreement (DA) Development Plan & Design Review 3 Public & Community Meetings • 2002 - Catellus Community Workshops #1,2 & 3 • 2002/2004 - Citywide Retail Policy Forums • 2004/2006 — Published Citywide Retail Policy — Published Alameda West Strategic Retail Recommendations • Planning Board Update - January Cateltus Community Forum — February • Planning Board Study Session — April 10 • Transportation Commission — May • Economic Development Commission- June • WABA • Alameda Association of Realtors • Kiwanis • Chamber of Commerce • Waterfront Action Committee • Rotary • Cardinal Point • Gallagher & Lindsey • Planning Board Hearing on EIR — May 22 • Planning Board Study Session — July 10 • Planning Board Recommendation of Approval — July 24 • Recreation & Park Commission — September 14 „ # ta &j - December 5, 2006 Community Workshop — February 15 Retail in Alameda List of Prior Public Meetings Catellus Community input Workshop #1 - 5\22\02, sponsored by the EDC Catellus Community Input Workshop #2 - 6 \5 \02, sponsored by the EDC • Catelius Community Input Workshop #3 - 6 \13 \02, sponsored by the EDC • Catellus WAE3A Community Workshop 5 \16\02 • Catellus EDC Presentation — 6\20\02 • Catellus Planning Board Presentation — 8\26\02 • Webster District Retail Strategic Plan Community Forum #1 — 5\25\04 • Webster District Retail Strategic Plan Community Forum #2 — 6\22\04 • Webster District Retail Strategic Plan Community Forum #3 -- 3 \22\05 • Alameda Citywide Retail Policy Forum #1 — 4 \30\03 • Alameda Citywide Retail Policy Forum #2 -- 6 \5 \03 • Alameda Citywide Retail Policy Forum #3 -- 8 \4 \03 Alameda Citywide Retail Policy Forum #4 — 1 \13\04 • EDC Meeting on Alameda Citywide Retail Policy - 2 \19 \04 • Planning Board Presentation on Alameda Citywide Retail Policy— 4 \12\04 • City Council Presentation on Alameda Citywide Retail Policy - 6\1 \04 5 Retail in Alameda List of studies completed orisumer Marketing Survey • Vision Plan for the West Alameda Business Association • White Paper — Citywide Retail Strategy • Alameda Point — Retail Market Analysis • Retail Impact Analysis — Proposed Enterprise Landing Shopping Center • Webster District Strategic Plan • Alameda Citywide Retail Policy — Report to City Council 6/1/04 • Supplemental Report - Acceptance of Alameda Citywide Retail Policy .; • Alameda Citywide Retail Policy — 'e C t , • cil 251' • Alameda Citywide Retail Policy • Webster District Strategic Plan — Existing Conditions Report~+ • Webster district Strategic Plan • Alameda West Strategic Retail Imp efrierttatton ecommen a this Retail Conclusion To ensure complementary rather than competing retail • Cap retail at 300,000sf as per Citywide Retail Policy • Complement Webster Street retail by limiting small store retail (no more than 76,000sf. of space that is 5,000sf or less) • Supplement existing retail and fill retail gaps consistent with Citywide Retail Policy • Maintain consistency in design elements with Webster Street • Expand shuttle connection between Alameda Landing and Webster Street • Work towards a goal of 15% regional and local tenants 6 Proposed Development Program A Ni xed -u e Transit-o ented Development Retail = Up to 300,000 square feet Office = Up to 400,000 square feet Residential = Up to 300 units (25% Affordable) Health Club = 20,000 square feet Environmental Review • Supplemental Environmental Impact Report - Compares and Updates 2000 Environmental Impact Report - Environmental Impacts - Different Land Use Ptan - Different Conditions Different Standards • Significant Environmental Impacts - Hazardous materials, Traffic and Traffic Related Air Quality • Mitigation Monitoring Program and Responsibilities to Mitigate • Statement of Overriding Considerations 7 Transportation Impacts Highway " Major Streets`- Highway Ott -Ra BART Route - Ferry Route Underwater Tube Proposed Road Extension /R Proposed Water Taxi Conne Bridge BART Station it Ferry Terminal TDM /TSM program To provide and promote alterr�a . Well located for public transit • Bike- friendly shuttle to BART Water shuttle designed for pedestrian a Extensive pedestrian & hike paths • Shower facility at each office building Tt7M Program Manager Implementation - co- ordinate carpooling vanpooling guaranteed ride hunts la1onito ri. and reporting Inform and educate Funded by — homebuyers, retailers & office its . Initiation of the west end TC)MiTSM program nd bicyclic 8 A General Plan Amendment : A Plan for Mixed Use Current General Plan Designation - Business P I Proposed Designation - Mixed -Use Allows and encourages residential as p Master Plan Amendment & Development Agreements A comprehensive plan to guide the Tong -term physical development of the Alameda Landing site consistent with a mixed -use, transit - oriented vision. Long -Range Planning ® Site Constraints nunity Out Master Pan + Development Agreement (DA) Development Plan & Design Review Master Plan Amendment & Development Agreements Third Amendment to Development Agreement — Revises existing DA to apply to Bayport project only Alameda Landing Commercial DA / Alameda Landing Residential DA - Provides vested entitlements to allow development in phases over time - Sets fees at 2006 -07 levels with annual escalators Disposition & Development Agreement (DDA) 10 5th Amendment to Existing DDA • Limits geographic scope of DDA to Bayport project • Releases Alameda Landing land sale proceeds and Tax Increment from existing DDA to benefit Alameda Landing project • Fixes interest rate on shortfall loan and predevelopment obligation at 8.75 °!0 • Effective only if Alameda Landing DDA is approved Memorandum of Agreement Regarding Sources of Repayment • A Companion agreement to 5th Amendment • Documents sources of repayment for shortfall loan and predevelopment obligation provided for in existing DDA (except FISC land sales proceeds and tax increment) • Memorializes FOCIL's rights to those sources • Effective only if Alameda Landing DDA is approved 11 Major Benefits of the Proposed Entitlements • Greater mix of uses on site • Includes affordable housing and retail uses,,k • Reduces retail sales tax and leakage to neighboring jurisdictions • Developer builds infrastructure • CIC provides funding as available • Removes blight through timely development °? Key Aspects of the DDA: Project Phasing Commencement of the fast demolition and infrastructure phase and the acquisition of the last parcel by 2016 Phase 1: Conveyance parcels (8) totaling 37.7 acres Phase 2: Conveyance parcels (4) totaling 26.5 acres Phase 3: Conveyance parcels (3) totaling 8.7 acres 12 Existing DDA • CIC responsible for cost of all demolition and public backbone infrastructure (including the Tinker Avenue Extension) • Developer responsible for all private intract improvements and vertical construction Proposed DDA • Developer responsible for demolition public backbone infrastructure (including the Tinker Avenue Extension) and amenities • CIC's financial participation capped at $40:5M • Developer responsible for all private intract improvements and vertical construction Key Aspects of the DDA: Land Value Propose (based on curre proform Key Aspects of CIC /Developer Obligations 13 • Will not impact the City's general fund • All City /CIC costs funded by the Project • An MSD will fund maintenance and public services • Required demolition /backbone infrastructure environmental impact mitigations are responsibility of Master Developer Fiscal Impact Alameda Landing Project Funding Analysis Predevelopment Demo/Grading Infrastructure / Environmental Clean -Up (inc. Tinker, Waterfront Promena 5th St., Mitchell, 115 KV, etc.) CEQA Mitigation Staff / 3rd Party Costs Total Costs • 11) Bayport / Alameda landing Tax Increment 'C1 Additional Alameda landing Tax Increment (if necessary) Et Bayport Profit. Participation ‘3.Q CFD" 13 STIP" After Project Land Value ca °' Total Reimbursement Sources • Developers Return (11 %) (Reimbursement sources — Des Cost -= Developer • Return t e Developer must spend $10314 to generate $116.5M in reimbursement sources) ' finds raised from bonds secured by improved land State grant funds available for Tinker Extension protect only 14 Proposed DDA: In Summary • Total land improvement costs = $103M • Total private improvement (vertical) costs • Total improvement costs = $388M • 010 investment capped C? $40.5M 1$99M+ under existing DDA) • Grants = $4M (same wider existing DCA) Private Investment = 5343M (5285,,1 under existing DDA) • More risk shifted to Developer Improved CIO leverage ratio= 1:9 ( trnrierexistirtg DDA) • Increased sales tax revenue from mixed use project Proposed Master Plan Vision Guiding Principles Bringing Alameda to the Water Nodes of Destination 15 Alameda Landing - Vision To create a new, exciting, mixed -use waterfront neighborhood To create a special place in Alameda — connected to the water, a place to live, shop, play, stroll, bike and enjoy 16 Master Plan Amendment Guiding Principles 1. Create a mixed -use community for all ages that provides a vibrant and pedestrian scaled destination for Alameda 2. Provide a public waterfront and promenade that reconnects Alameda to the water and becomes an integral piece of the City's open space network 3. Design the waterfront park to promote a variety of active and passive recreation uses 4 Develop larger open space connections to the waterfront through tree - lined streets and landscaped greenways 5. Provide extensive views and vistas towards the water 17 Guiding Principles biish and enhance pedestrian and bicycle connections between the waterfront the overall development, and other Alameda neighborhoods Develop a series of public places along Fifth Street to activate the street 8. Respect and reflect the maritime history of the site through a variety of means including architecture street furniture and sgnage Ensure an authentic architectural character and provide high quality materials for all buildings and public places • Building a synergy between the two waterfront destinations • Orienting to the visually prominent Broadway axis • Establishing a street network that respects the Alameda grid and allows for visual and physical connection to the Waterfront, Webster Street and surrounding neighborhood /A 1 LOtt 45p RE ALAMEDA WATERFRONT PLAZA Bringing Alameda to the Water 18 • Building a synergy between the two waterfront destinations • Orienting to the visually prominent Broadway axis • Establishing a street network that respects the Alameda grid and allows for visual and physical connection to the Waterfront, Webster Street and surrounding neighborhood • Large waterfront open space amenity for Alamedans • Well connected open space network that serves the development ecologically and as a public amenity ALAMEDA WATERFRONT . PLAZA Bringing Alameda to the Water • Building a synergy between the two waterfront destinations • Orienting to the visually prominent Broadway axis • Establishing a street network that respects the Alameda grid and allows for visual and physical connection to the Waterfront, Webster Street and surrounding neighborhood • Large waterfront open space amenity for Alamedans • Well connected open space network that serves the development ecologically and as a public amenity • Maximizing views PORT OF OAKLAND DOWNTOWN SAN FRANCISCO DOWNTOWN OAKLAND FRONT OAKLAND /BERKELEY HILLS Bringing Alameda to the Water 19 • Connections to rest of Alameda • Reconnect to water • Vibrant Fifth Street spine • Mixed -use priority areas as Nodes along Fifth Street The Illustrative Plan Parks & Open Space Framework Alameda + Oakland Estuary Bikee Route / Path /mail • Pede rian Pallll llal� Ndetnian Nara 20 Nodes of Destination Waterfront Plaza ,. Village Gren i EntryPlaza 21 ALANIEDAiLLANLANG ES WAAL NEADAPIED LVAFEHL,U,E} WATER Iii>o NLNEANG LASATER:0,3NT PLAZA LEGEND COAST GUARD HOUSING RA STOAT N pMES Reconnecting Alameda to its Waterfront 22 Waterfront Plaza & Promenade Looking across at Jack London Square 23 Waterfront Plaza across Jack London Square Conceptual Waterfront Plaza Alternatives 24 Waterfront Plaza & Promenade Adaptive Reuse of Existing Warehouse 25 Waterfront Promenade Commitment : New Alameda Destination • Create a special place in Alameda • Unique waterfront restaurants & retail • Waterfront promenade & parks • High quality building & landscape architecture • Reuse and regeneration • Jobs + housing balance • TDM/Transportation alternatives 26 Next Steps Master Plan Design MGDIP Design and Processing Phase 1 layout and design Clif Bar Architecture Wharf Rehab Plan Right -of -way Acquisition (UPRR) Final Environmental Remedial Action Plan Phase 1 Retail Tenanting strategy Demolition 27