Sunday, September 8, 2024
The Port of Oakland has launched a Request for {Qualifications} (RFQ) to discover a developer for its 50-acre Howard Property. Located alongside the Oakland waterfront, this former marine terminal has been inactive for cargo vessel operations since 2013. The Howard Property is bordered by industrial actions to the west and Jack London Sq., a first-rate waterfront leisure hub within the East Bay, to the east. The Port is open to numerous proposals, together with maritime, gentle industrial, industrial, leisure, or water-related developments.
“The Port has a major opportunity to create a transformational development project that can provide critical economic benefits to Oakland and the region,” stated Port of Oakland Chief Actual Property Officer Jonathan Veach. “We’re looking for development partners who will help realize the Port’s commitment to creating good-paying, local jobs for the region while fully activating the Howard Property.”
The Port of Oakland has issued a brand new Request for {Qualifications} (RFQ) after years of evaluating numerous growth concepts for the previous marine terminal. In 2019, the Port entered into an Unique Negotiation Time period Sheet with the Oakland A’s for a possible mixed-use ballpark challenge, however this settlement expired in Could 2023. Presently, the Howard Property is being utilized for short-term rental agreements, supporting container parking, depot operations, and different ancillary maritime providers.
With the expiration of the earlier settlement, the Port is now shifting its focus in direction of attracting a broader vary of growth proposals. This new RFQ goals to discover inventive and sustainable makes use of for the Howard Property, doubtlessly remodeling the positioning right into a vibrant area that helps the native financial system, creates jobs, and revitalizes the Oakland waterfront. The Port’s management is optimistic that the subsequent section of growth will combine properly with the encompassing industrial and leisure districts.
