1 Council Economic
Development
Committee
April 6, 2026
2 How to Provide Public Comments
The Council Economic Development Committee is accepting public comments prior to the meeting via email or during the meeting via the Zoom link or Zoom dial-in information listed on the published agenda.
If you are making your comments during the meeting please note:
• Click the “Raise Hand” button to request to speak when the Staff Liaison calls for public comments on an eligible agenda item. You will be permitted to speak during your turn and muted after the allotted time (3 minutes).
• When joining by phone, click *9 to raise a hand to speak. Press *6 to unmute. We kindly request speakers to mute or turn down the meeting video when it is their opportunity to speak as it may cause interference with the speaker system.
• Use headphones/mic for better sound quality and less background noise • Decorum: Please be mindful that virtual meetings are public and will be recorded. All meeting rules of procedure and decorum, including speaker time limits, will apply. The Staff Liaison, via the host, may remove individuals for persistent disruption or any conduct or statements that threaten the safety of any person(s) at the meeting.
3 Approval of Minutes from March 2, 2026
Regular Meeting
4 Development Activity and Selected Property Updates (Oral Report Only)
DEVELOPMENTACTIVITYUPDATES
S a r a B u i z e r, D i r e c t o r o f D e v e l o p m e n t S e r v i c e s A p r i l 6 , 202 6
HONDA
U-HAUL
22540 FOOTHILL (CHALK-IT-UP)
Q-POT (24177SOUTHLAND)
JIVA LIFE
MAPLE & MAIN
71W .TENNYSON
MISSIONCROSSINGS
FRONTAGE
SKYWEST
URBANAIRADVENTURE PARK
MAIN& BSTREET
808 BSTREET (ACE HARDWARE)
CON AZUCAR
AUTO PLAZA
20 Overview of Real Estate Objectives and Strategy
CITY REAL ESTATE
STRATEGY
Presented By
Tracy Irvin, Real Property Manager
C o u n c i l E c o n o m i c
D e v e l o p m e n t
C o m m i t t e e
A p r i l 6 , 2 0 2 6
21 CITY REAL ESTATE STRATEGIC OBJECTIVES & GOAL
Financial Performance
and Asset Stewardship
• Identify opportunities to
generate revenue or reduce
operating costs
• Identify high-cost/low-
return properties
Strategic Planning and
Public Benefit
• Maximize public benefit
through development
• Generate tax
revenues, affordable
housing opportunities, and
job creation
Risk Management
• Identify deferred
maintenance and market
risks within the portfolio
• Reduce exposure through
proactive planning
Current Goal
• Restore and protect the City’s General Fund reserves, while reducing future financial risk.
Key Objectives
City Center Cinema Place C St & Main St CITY REAL ESTATE PRIORITES FOR 2026-2027
Action Steps
1.Independent appraisals – Awarded; Contracts in process
2.Evaluate hold, lease, restructure, or fee sale options – In process
3.Initiate Surplus Land Act (SLA) & Marketing process – In process
4.Return to Council with negotiation parameters
5.Execute transaction consistent with Council direction
March to
April 2026
May to June
2026
July 2026 &
Forward
Nov 2025
to Feb 2026
• Received City Council
direction
• Proceed with
appraisals
• Identify properties for
Surplus Lands Act
• Begin Surplus Lands
Act with approved
properties
• Develop marketing
materials and
marketing of priority
sites
• Share appraisal results
and market interest to
City Council
• Receive updated
direction based on
market interest and
evaluation
• Return to City Council
for ongoing direction
and approval of price
and terms
Estimated Timeline for Property Sales
➢ No Surplus Land Act Interest: 8–12 Months
➢ With Surplus Land Act Negotiation: 10–15 Months
➢ Complex Entitlements/CEQA: 12–18+ Months
CURRENT ACTIONS & NEXT STEPS
CINEMA PLACE
Property Overview & Background
• The properties consist of Cinema Place site and
Cinema Place Parking Garage totaling
approximately 2.42 acres.
• The site was developed as an entertainment-
oriented retail center by the former Hayward
Redevelopment Agency.
• The site includes 11 retail tenants,
including Cinemark Century Theater.
• In 2024, Hayward Economic Development Corp
was created and purchased the ground lease via
a loan from the City's reserves to stabilize the
property.
Goals
• Sell the leasehold
• Reduce risk
• Maximize public benefit
CITY CENTER
Property Overview & Background
• The subject properties include the former
Centennial Hall site, former City Hall site, and
the City Center parking structure site, totaling
approximately 5.79 acres.
• The City Center site has served as Hayward’s
municipal core since 1969 and formerly housed
City Hall and the Centennial Hall Convention
Center
• In 2019, the City repurchased the central parcel
and demolished the former City Hall building.
Goals
• Sell the property
• Reduce risk
• Maximize public benefit
Property Overview & Background
• The properties include 1026 C Street, a
corner parcel at Main Street and C Street,
and 22696 Main Street, totaling
approximately 0.78 acres.
• The City acquired the properties in 2014 for
$950,000 as a strategic investment to
catalyze downtown redevelopment.
• The acquisition was intended to support
future development opportunities, including
coordination with the adjacent Green
Shutter site to the north.
Goals
• Sell the property
• Reduce risk
• Maximize public benefit
C STREET & MAIN STREET
ADDITIONAL PROPERTIES
30 Future Meeting Topics as of April 6, 2026
Hayward Police Department Year-End Report
31 Council Economic Development Committee
Future Meeting Topics as of April 6, 2026
*Subject to change and data availability
RESPONSIBLE
STAFF FUTURE MEETING AGENDA ITEMS
PRESENTATION
DATE*
City Manager’s
Office/ Assistant
City Manager
Update on Cinema Plaza Standing Item
Economic
Development Business Engagement 2.0 Program May 2026
Economic
Development Fiscal Year 2027 CEDC Meeting Schedule May 2026 Meeting Cancelled June 2026
Hayward Police Department Year-End Report
32 Committee Member/ Staff Announcements and Referrals
Hayward Police Department Year-End Report
33 East Bay EDA Innovation Awards
Hayward Police Department Year-End Report
34 San Francisco Business Times: Corridors The
Opportunity Along I-880
Hayward Police Department Year-End Report
35 Apprenticeship Pathways
Hayward Police Department Year-End Report
36 Adjournment