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For Immediate Release
April 4, 2001 Port Of Oakland Brings Key
Developers Together To Introduce Extraordinary Waterfront Opportunity
(Port gathers key developers for information session and site tour of Oak to Ninth District 60-acre parcel, a mixed-use waterfront site) Port of Oakland draws key developers
to Yoshi's in Jack London Square April 4, 2001 to formally introduce
its request for qualifications for a master developer of its largest
remaining waterfront development site. Port of Oakland Commercial
Real Estate Director Omar Benjamin and Port and City of Oakland
officials highlight the significant aspects of the opportunity,
development objectives and requirements.
The 60-acre parcel is centrally located
on the Oakland Estuary minutes from vibrant Jack London Square and
downtown Oakland. It is in the Oak-to-Ninth District, which encompasses
about 120 acres of land. Approximately half of the area is under
Port ownership.
"On Behalf of the Port of Oakland
Board of Port Commissioners, I am pleased to announce a unique and
exciting waterfront development opportunity. The Port is inviting
highly qualified developers to submit information of their ability
to partner in a Specific Plan process and to design and develop
a first-class mixed-use project on Oakland's largest remaining waterfront
development site," stated Chuck Foster, the Port's Executive
Director.
The Port has been a partner in the
successful development of the Jack London Square area, which is
a thriving entertainment/retail destination for Oakland and surrounding
East Bay areas. To further their joint goal of reinforcing Oakland's
identity on the Bay, the Port and the City of Oakland have laid
substantial groundwork toward the development of Oakland's waterfront,
including adoption of the Oakland Estuary Policy Plan and the companion
Environmental Impact Report.
The Estuary Policy Plan represents
the policy framework for the transformation of the area from Port-related
industrial uses to a new urban waterfront. The Plan was prepared
jointly by the City and Port with substantial public input and was
adopted into the Oakland General Plan in June 1999.
"As we enter the 21st century,
the Port of Oakland is transforming the waterfront, so that it more
closely mirrors the spirit of Oakland," remarked Omar Benjamin,
the Port's Director of Commercial Real Estate (CRE). Benjamin described
Oak Street to Ninth Avenue, as "an extraordinary opportunity
for development of a new neighborhood."
"One way to strengthen city communities
and reduce urban sprawl, is to restore and recycle underused urban
land, which embraces the goals of the Port's recently adopted Sustainability
Policy," commented Anne Henny, Senior Project Administrator
with the Port's Commercial Real Estate Division. Henny added, "The
Oak-to-Ninth District with its stunning views and accessible waterfront
location, presents a perfect site to do just that. We are eager
to get to work with one development partner and the people of Oakland
to create another great place to be in the Bay Area."
Contact: Omar Benjamin
Title: Commercial Real Estate Director Phone: 510.627.1216 obenjamin@portoakland.com |
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