10A Action 2011 0307 - Laserfiche WebLink

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CITY OF SAN LEANDRO APPROVED AND STAFF REPORT FORWARDED TO CITY COUNCIL DATE: March 7, 2011 Stephen L. Hollister City Manager TO: Stephen Hollister, City Manager FROi\•I: Luke Sims, Community Development Director VIA: Cynthia Battenberg, Business Development Manager BY: Jeff Kay�Business Development Analyst SUBJECT PROJECT/PROJECT DESCRIPTION: UPDATE ON DEVELOPMENT PLANS FOR THE DAVIS /HAYS /EAST 14 SITE SUMMARY AND RECOMMENDATION This report provides a status update on planning efforts related to the block bounded by Davis Street, Hays Street, and East le Street (formerly referred to as Town Hall Square). To date, the Redevelopment Agency has acquired four of the seven parcels and entered into an Exclusive Negotiating Rights Agreement with Innisfree Ventures II for development. This report contains an overview of the acquisition history, prospects for inclusion of the remaining parcels, and an estimated schedule for future progress. BACKGROUND In 2002, the block bounded by Davis Street, Hays Street, and East 14 Street ("the Site ") was identified by the City Council as a strategic opportunity to develop one of the last remaining sites in downtown and create a stronger connection between the downtown and the civic center. The intersection of Davis and East 14 Streets serves as "Main and Main" in Downtown San Leandro. City Hall, two live community theaters, historic Casa Peralta and the San Leandro History Museum, the Main Library and Dave Karp Meeting Facility. and the Regency -owned San Leandro Plaza, anchored by CVS and Safeway, are all within three blocks of this intersection. This comer is also within easy walking distance of the San Leandro BART station and easily accessible from both 1 -580 and 1 -880. The Site totals roughly 1.5 acres excluding the Hays Street right -of -way. In June 2004 the Agency hired MVE Partners, an architectural firm, to explore the development capacity of the block and create conceptual design renderings of the site. Those plans envisioned a mixed -use project with ground floor retail and residential condominiums on the upper floors. The renderings were based on the assumption that the entire block would be available for development, and that Hays Street would be abandoned, allowing development to take place closer to the creek.