April 9, 2024
Item No. SS5
BALBOA YACHT BASIN REDEVELOPMENT
RFP RESULTS
City Council Study Session
April 9, 2024
CITY OF
NEWPORT BEACH
829 HARBOR ISLAND DRIVE
CITY OF
NEWPORT BEACH
l
l flil i 1 D
Or
EXISTING USES
•Commercial Tenants:
• Galley Cafe, restaurant
• Maritimo Marketing Americas, yacht broker
• General Office — West Point Investments, Pacific Metals Group
• Residential:
• 3 apartment units (2-bedroom/1 -bath)
• 1 unit currently vacant
•Storage Garages:
• 32 storage garages
I,
CITY OF
NEWPORT BEACH
1 M.
TIDELANDS BOUNDARIES
- - M�,.i W14M
�I y
tIEJtif'11�F'�J��
Lands
CURRENT RENT REVENUES
Galley Cafe
$675900
Maritimo
$32,820
Offices
$40,320
Apartments
$80,490
Garages
$170,800
TOTAL:
$3925330
I,
CITY OF
NEWPORT BEACH
Restaurant
Office
Office, 2 Units
Residential, 3 Units
Storage, 32 Units
Floor AreIdi
1,350 sf + 3 garages
610 sf
790/136 sf each
1,100 sf each
-200 sf each
FACILITIES FINANCING PLAN (FFP)
Design Work: 2025 Present Value: $14M
Construction: 2028
FFP: $15,894,906 @ Year 2028
I,
CITY OF
NEWPORT BEACH
REQUEST FOR PROPOSALS
Posted: December 7, 2023
Closed: February 1, 2024
Scope of Work:
The City is interested in preserving the Galley Cafe, increasing the number of storage facilities and increasing the number of office spaces offered. At a minimum, bathrooms, sho�,klers, laundry facilities, on -site property manager office for the marina, oil collection facilities, and janitorial and operational storage areas should be included as part ❑f the proposed project. Reuse ❑f Myrtle Park can also be included. The City is not interested in expanding or preserving the existing residential units.
Proposals Received:
Proposal No.
Burnham Ward Properties
• Renovated Marina Property
• Galley Cafe & Outdoor Dining
• Offices ( 20 Units)
• Storage (104 Units)
• Dry Racks (12 Units)
• Enhanced Myrtle Park
• Restrooms/Showers
• Oil Collection
Proposal Noj
Basin Neighborhood Partners, LLC
• 10 Single -Unit Residences
• Galley Cafe
• Expanded Myrtle Park
• New Public Park
• Offices (2 Units)
• Restrooms/Showers
• Dry Storage (40 units)
BALBOA YACHT BASIN
REDEVELOPMENT PROPOSAL
February 1, 2024
•MWl rAUBT NALS N SAM Al
' k I
AN s' =fir • ;_..
�yJ
PROPOSAL NO. 1
Fj
. - Kam.- ;
- �L.kI1W.L4
fil
y 1 MW & N - _4_4�
BALBOAYACHT BASIN OPTIONI-RENDERED VIEW MBURNHAMIWARD SMSARCHITECTS Newport Beach, Cafifomia
PROPOSAL NO. 1
LEGEND
O UTDOO R STO RAG E
- STORAGE
- OFFICES
. GALLEY CAFE
NEW OUTDOOR DINING
RESTROOMS/SHOWERS
- NOT IN SCOPE
Thh drawing and preaentatlon la conceptional
In nature and no guamnu* of ita accuracy is
Implied. The information Proulded herein la
hated In part from Inforrnatnn whloh hae heen
obt.1r dfrom aourcae that we deem reliahle,
Hmv r, m �s me no reaponsIblI ty for it'a
—racy.
BALBOA YACHT BASIN
Newport Beach, California
0102030 eo 120, rt�� OPTION D1 -SITE PLAN �EMBURNHAMIWARD SMSARCHITECTS t' ] P R 7 R E R T E S
January 3L 2d2d 16
STQQQFt
T
1'sw Sly
PROPOSAL NO. 1
—L31JILGI�I f I —BUILDING 2
OF _S
+r oFF ces
2,001 GF
UILDING1
STORAGE AREA
3 817 SF
LDING 2
1 %I
—BUILDING 3
9b'
U ILD ING 4
12 PROPOSAL NO. 1
BUILDING 5—BUILD INei' 6 BUILDING7
iLl _�iq: EU
�r
am
I . J
u.
—BUILDING 4 BUILDING 6 - BUILD1N6b
I I �
270RAGE AREAIN !
11.8617 SF
WILDING 7
EDINING
GALLEY C3RCAFE 1,350 SF F
r i
NEW SEDOND STORY ADD
La
UPPER LEVEL
R"IN
MARINE
328D 5F
9 ILDING
. _
.p sic
�� Y
16. awp
I
BWP
PROPOSAL NO. 1
• .� � .��e{�r��Y►#� .l it — ����'� -
i
� � 7
J
BALBOA YACHT BASIN OPTION 1 -RENDERED VIEW M BURNHAMIWARD 5MSARCHITECTS Newport Beach, Calilomia
SUMMARY: PROPOSAL NO. 1
Proposal:
• New or substantially remodeled
buildings
• Galley Cafe & Outdoor Dining
• Offices ( 20 Units)
• Storage (104 Units)
• Dry Racks (12 Units)
• Enhanced Myrtle Park
• Restrooms/Showers
• Oil Collection
Parkin : 136 Spaces
I,
CITY OF
NEWPORT BEACH
Project Cost: $14.5M
Ground Lease Structure
Revenue to City: $100,000 @ Year 3
Uplands 53% - $53,000
Tidelands: 47% ~ $47,000
Entitlement:
• Surplus Land Act
• Coastal Development Permit
• Site Development Review
7 Basin Neighborhood Partners, LLC
"A Custom Team created specifically for the
Balboa Yacht Basin Redevelopment Project"
West Point Investment Corporation
Pendulum Property Partners
Larry Tucker
C.J. Light Associates
•
ITT Amoy"-;
.
riff
_i
PROPOSAL NO. 2
A.A.. OR I$LAND ❑RIVE
13ALLEY CAFE
ks
(D (D u w
MYRTLE
PARK
BASIN MARINE
QALBOA YACHT
BOAT REPAIR YARD
nnn I
zu
PROPOSAL NO. 2
21 PROPOSAL NO. 2
PROPOSAL NO. 2 MA
P.L.
PROPOSAL NO. 2
--------------------------------- ----------------------------r—
UPPER LEVEL II
ENTRY LEVEL
I w L�vaa
I 4 °9,tiRy a
u
GARAGE LEVEL
I ua
i LI
-------t-------------------- ---- -- ------------------------------------------------ — ---- 24 Vil 4tE
ML
PROPOSAL NO. 2
-#Y
SUMMARY: PROPOSAL NO. 2
Proposal:
• 10 Single -Unit Residences
• Galley Cafe
• Expanded Myrtle Park
• New Public Park
• Offices (2 Units)
• Restrooms/Showers
• Dry Storage (40 units)
Parkin : 136 Spaces
I,
CITY OF
NEWPORT BEACH
Project Cost: $44M
Revenue to City: ~ $1.4M @ Year 4
Uplands 53% � $743,000
Tidelands: 47% � $658,000
Entitlement:
• Surplus Lands Act
• Local Coastal Program Amendment
• General Plan Amendment
• Zone Change
• Site Development Review
• Additional Environmental Review
ROW
r,
■\I i, rl
166 PROPOSALS SNAPSHOT
JJ
Burnham Ward Properties
• New or substantially remodeled buildings
• Galley Cafe & Outdoor Dining
• Offices ( 20 Units)
• Storage (104 Units)
• Dry Racks (12 Units)
• Enhanced Myrtle Park
• Restrooms/Showers
• Oil Collection
➢ Develop, Manage and Ground Lease
➢ Ground Lease Revenue to City:
$100,000 @ Year 3
• More compatible with Marina
I,
CITY OF
NEWPORT BEACH
Basin Neighborhood Partners, LLC
• 10 Single -Unit Residences
• Galley Cafe
• Expanded Myrtle Park
• New Public Park
• Offices (2 Units)
• Restrooms/Showers
• Dry Storage (40 units)
➢ Develop and Sell
➢ Ground Lease Revenue to City:
$1,400,000 @ Year 3
• Less compatible use with Marina
28 ENTITLEMENT & AGENCY COMPARISON
�ROPO?!SnAWO.
;A
Local Coastal Program Amendment — N/A
General Plan Amendment — N/A
Surplus Lands Act — Declare Exempt
State Lands Commission — N/A
Coastal Development Permit
Site Development Review
Zone Change — N/A
ji
CITY OF
NEWPORT BEACH
..a.a
Local Coastal Program Amendment —
Coastal Commision
General Plan Amendment
Surplus Lands Act — Declare Surplus
Will need proposals from affordable
housing developers first
State Lands Commission
Coastal Development Permit
Site Development Review
Zone Change
29 NEXT STEPS
1. Staff recommends selecting Proposal No. 1:
➢ Replace the existing facilities with an equivalent use. Eliminate the residential, preserve the Galley Cafe, and no intensification of use.
2. Declare Exempt Surplus and Enter into an Exclusive Negotiating Agreement.
I,
CITY OF
NEWPORT BEACH
THANK YOU
Lauren Wooding Whitlinger, Real Property Administrator
949-644-3236, [email protected]
Seimone Jurjis, Assistant City Manager
949-644-3282, [email protected]