CITY OF VALLEJO ANNOUNCES COMMERCIAL DEVELOPMENT OPPORTUNITY ON 157 ACRESDecember 12 2017
The City of Vallejo announced a unique opportunity in the San Francisco Bay Area by releasing a Request for Qualifications (RFQ) for the commercial development of 157 acres on North Mare Island.
The prime waterfront location has an approved Specific Plan allowing up to 1.2 million square feet of commercial, office, retail, or industrial space, with connections to four highways and direct ferry service to San Francisco. The City is evaluating qualifications on an ongoing basis for all or part of the property, and is targeting anchor users or commercial developers that rely on long-term, sustainable employment.
“Businesses and developers are choosing Vallejo for a reason,” said Economic Development Manager Ron Gerber. “Vallejo offers the kind of opportunity in the San Francisco Bay Area that is unique: substantial waterfront property available with an approved Specific Plan, operating costs that are 20 to 40% lower than the rest of the Bay Area, and nearly half a billion dollars in the development pipeline.”
Vallejo is situated at the confluence of the Napa River and the San Francisco Bay, and links the Bay Area and Northern California’s talent, connectivity, transportation and recreation resources. The history of Mare Island dates back to the founding of the U.S. Naval Shipyard in 1854, which over the ensuing decades attracted hundreds of thousands of workers from around the world. After the shipyard closed in 1996, Lennar and the City partnered to develop approximately 600 acres immediately adjacent to the North Mare Island site, bringing in commercial, light industrial, advanced manufacturing, medical and office users, as well as constructing a new residential neighborhood.Today, Vallejo is the nation’s most diverse city, has one of the nation’s hottest residential markets, and is part of the Solano Metropolitan Region, with an economy performing among the top 1% in the country.
Submissions will be reviewed through March 30, 2018. For more information, contact Ron Gerber at email@example.com or 707-553-7283, or visit http://www.choosevallejo.com/nmi.html