Multiple Real Estate Transactions Related
to Sale of Building 607 to Alameda Food
Bank
March 5, 2024
Purpose of Tonight’s Item
• Provide a permanent home to the Alameda Food Bank in Building 607 • Relocate Alameda Point Collaborative activities to Building 2 to enable the Food Bank purchase of Building 607 and construction of Rebuilding Existing Supportive Housing at Alameda Point project (RESHAP) • Enable the consequential sale of Building 92, to generate revenue supporting new infrastructure at Alameda Point
Background
• Fall 2022 -- Alameda Food Bank approaches the City of Alameda to discuss their desire to purchase land for construction of a permanent “Community Market” at Alameda Point • March 2023 -- City Council approves Alameda Point Disposition and Leasing Strategy • July 2023 – City Council approves the RESHAP project
• September 2023 – City Council discusses price and terms for possible sale of Building 607 to Alameda Food Bank
• November 2023 -- Planning Board holds public hearing and unanimously approves Food Bank’s proposed Development Plan and Use Permit for Building 607 and the 1.7-acre property on Pan Am Way
West Midway
Building 2
Bldg.
607
RESHAP
Bldg.
613
Summary of Real Estate Transactions
1. Alameda Food Bank purchases 1.7 acres
facing Pan Am Way, including Building 607
and existing cell tower lease
• Purchase Price: $3.06M ($1.8M per acre
consistent with Master Infrastructure Plan)
• No City subsidies for building or infrastructure
improvements
2. Short-term license with Alameda Food
Bank for a portion of adjacent site
(approximately 1 year) for temporary
facility during construction
3. Short-term lease with Alameda Point
Collaborative (APC) for a portion of
Building 2 until RESHAP completed so
APC can vacate Building 607 and Alameda
Food Bank can reuse
Alameda Food Bank Community Market
Proposed Future Site and Conceptual Site Plan
Agenda
Update on upcoming activities
Update on Alameda Point
Development
Update on supportive and emergency
housing
Regular Meetings.
APC Lease of Building 2
sold
• Building 2: wings 8 and 9
• 14,020 square feet of
office space
• 9,600-square-foot
outdoor area between
the wings
• Existing fence with
pedestrian gate encloses
this bay
• No leased parking area
– 96 bus stop and on
street parking in front of
building (W Midway)
Recommendation
Staff is recommending that City Council hold a public hearing and act to:
• Approve a resolution declaring the 1.7-acre Food Bank property at Alameda Point to be “exempt surplus land” under the Surplus Lands Act; and
• Approve a first reading of an ordinance authorizing the City Manager to:
• Execute the Purchase and Sale Agreement (PSA) with the Alameda Food Bank for 1.7 acres facing Pan Am Way,including Building 607 and existing cell tower lease; • Execute a short-term License for a portion of the adjacent property (Lot 101) during project construction;
• Execute a lease with APC for Building 2 for a period of three years with two, one-year options to extend; and
• Execute a Release and Termination of Lease Agreement for all Legally Binding Agreements (LBAs) with APC and Alameda County.