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19 City of San Leandro | Economic Development Initiatives and Work Plan | December 2013 <br /> <br />Leandro. The parcels total slightly less than half an acre and, under the Transit Oriented <br />Development Strategy, are zoned for a mix of retail and residential development. 1595 is <br />owned by the Successor Agency and will need to be sold in the reasonably near future in <br />accordance with State law. To the extent possible, Business Development staff will work to <br />transfer the properties to a developer that is prepared to actively move forward on <br />development plans consistent with the current zoning. Plans for the site will be incorporated <br />into the Successor Agency’s Long Range Property Management Plan, expected to be completed <br />in late 2014. <br />Accomplishments To-Date: In 2009, the Redevelopment Agency approved an Exclu sive <br />Negotiating Rights Agreement with Langon Homes, which has since expired. <br /> <br />Town Hall Square – The site bounded by <br />East 14th, Hays, and Davis Streets in <br />Downtown San Leandro is commonly referred <br />to as Town Hall Square. Identified as a key <br />opportunity site in the Transit Oriented <br />Development Strategy, this location has been <br />burdened by challenges related to the <br />acquisition of needed parcels. Both the City <br />and the Successor Agency own parcels in the <br />project area. The current Chevron and Union <br />Bank locations have to-date not been <br />available for acquisition or interested in <br />participating in developing this project as originally envisioned. The parcels are owned by the <br />Successor Agency and will need to be sold in the reasonably near future in accordance wit h <br />State law. To the extent possible, Business Development staff will work to transfer the <br />properties to a developer that is prepared to actively move forward on development plans <br />consistent with the Transit Oriented Development Strategy. Current zoning calls for a mixed use <br />project with ground floor retail and between 35 and 70 residential units per acre (the project <br />could be as large as 1.2 acres, depending the ability to acquire adjacent parcels). <br />Accomplishments To-Date: In 2009, the Redevelopment Agency approved an Exclusive <br />Negotiating Rights Agreement with Innisfree Ventures II, which has since expired. Planning is <br />now underway to incorporate this site into the Redevelopment Successor Agency’s Long -Range <br />Property Management Plan.