Alameda Point Roundup
Housing, new tenant, improvements scheduled for Point
The city has announced it is moving forward with bringing affordable housing to Alameda Point. In addition, the city said that a forward-looking Oakland company is coming to the Point and improvements to the infrastructure there are moving forward.
Affordable housing at Alameda Point’s Site A will come before the City Council at its Oct. 17 meeting. Site A is a 68-acre property that, when completed, will consist of 800 housing units, up to 600,000 square feet of commercial property and more than 15 acres of parks. Twenty-five percent of the housing will be offered at below market rate. Eden Housing will develop 130 of these units; the Alameda Unified School District will develop the remaining 70.
The City Council plans to approve two ground leases with Eden Housing to help ensure that its 130 units are developed: one for a 70-unit family project and a second for a 60-unit senior project. Terms will include an option for investors to purchase the property after 87 years with $1 purchase price, providing the investors prove the backbone infrastructure is consistent with the disposition and development agreement.
In other Alameda Point news, Kairos Power announced that it is moving its offices from Second Street in Oakland to 55,575 square feet of office space in West Tower 9, a former hangar and manufacturing building at 707 W. Tower Ave. (at Saratoga Street). The building is currently undergoing renovation. Kairos will move in early next year.
Kairos Power LLC is a new nuclear-energy technology and engineering company striving to enable the transition to clean energy while protecting the environment. The company is working on a fluoride salt-cooled, high-temperature reactor that it can safely and affordably deploy.
In addition, the city is set to ink a $1.1 million contract with Carlson, Barbee & Gibson, Inc. for civil engineering services to replace backbone infrastructure at Alameda Point. Carlson, Barbee & Gibson, Inc. has provided civil engineering and surveying consulting services pertaining to the redevelopment at the Point for more than 11 years.
The firm will be responsible for preparing construction documents for these “backbone improvements” that include upgrading the Points’ water and sewer systems, as well as the storm drains.
In addition Carlson, Barbee & Gibson, Inc. will study improving the electrical, gas and telecommunications systems, as well as the Point’s surface streets.
The city will use proceeds from the sale of Building 91 (“Beer, Malt on Tap at Alameda Point,” Aug. 3) to pay for this contract. The city deposited the money from this sale in the Base Reuse Fund in fiscal year 2016-17 and restricted the use of the money to infrastructure improvements at Alameda Point. “The proceeds from the sale (of Building 91) will be used to jump-start much needed new infrastructure at Alameda Point,” the city stated when it announced the transaction.