~ Developer proposes housing, hotel, and plaza at former Navy supply center
Alameda Landing is about to enter its final phase of development. A 2006 plan that once called for all commercial on the 41-acre waterfront parcel behind Target is being replaced with a new plan. It includes an additional 375 housing units, a 124-room hotel, restaurants, and a small amount of commercial space. An eight-acre waterfront park and promenade remain as the centerpiece.
The developer, Catellus, decided to shelve the all-commercial plan due to lack of demand, coupled with high costs to develop the seismically challenged site.
Sean Whiskeman, senior vice president of development for Catellus, points to the fact that zero new office construction is underway along the Interstate 880 and Interstate 80 office corridor. The lack of demand “is a very compelling statistic in our opinion,” said Whiskeman, “especially given the alternative office sites available within Alameda.” Continue reading “Waterfront plans change at Alameda Landing”