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Community & Economic Development
Economic Development, Placemaking and Branding/Marketing Committee
April 21, 2022
DEVELOPMENT PROPOSAL FOR 2.12 ACRES OF
SUCCESSOR AGENCY AND HOUSING AUTHORITY-
OWNED VACANT LAND LOCATED 2731 -2871
UNIVERISTY AVENUE AND 2882 MISSION INN AVENUE
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2 AERIAL SITE MAP AND PROPERTY DETAILS
Successor Agency
Property
APNS 211-131-021, -022, -
023, -024, -026, -031, and -
032
Zoning: Commercial
Retail (CR)
General Plan: Mixed-
Use- Neighborhood
(MU-N)
Lot Size: 1.9 acres
Appraised Value: To be
Determined (Appraisal)
Housing Authority
Property
APNS 211-131-001
Zoning: R-1-7000
General Plan: Medium
Density Residential
(MDR)
Lot Size: 0.22 acres
Appraised Value: To be
Determined (Appraisal)
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3 • 2006: Former Redevelopment Agency (RDA) acquired the Successor Agency property.
• July 18, 2019: The Countywide Oversight Board approved a for a Purchase and Development Agreement with Grapevine Economic Development Fund, Inc. and escrow opened shortly thereafter. • December 2, 2019: Escrow wa s canceled with Grapevine Economic Development Fund, Inc. due to its failure to submit the security deposit required for acquisition of the property. • May 28, 2021: Staff sent a written notice of availability to the required public agencies and to all affordable housing developers who registered with the State’s Housing and Community
Development (HCD).
BACKGROUND
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4 • July 27, 2020: Staff received a proposal from Logan Capital Advisors (LCA). After the 90-day due-diligence period LCA withdrew their proposal.
• June 22, 2021: The Successor Agency Board & Housing Authority Board approved the issuance of an RFP seeking a mixed-use retail and Multi-family project, requiring 15% low income residential units. • July 8, 2021: Staff issued a Request for Proposals (RFP) with a deadline of October 6, 2021.
• October 6, 2021: Staff received 5 (five) development proposals.
BACKGROUND CONT.
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5 PROPOSALS SUMMARY
Developer Proposed
Development Project Details Responsive to
RFP
Grapevine
Development Mixed-Use
Units:64
Retail: 4500 SF
Live/Work Units: 10
Yes
Casitas/ Design with
Skill Mixed-Use
Units:26
Retail: 13,511SF
Live/Work Units: 7
Yes
Volunteers of America
& Community
Preservation:
Mixed-Use Units:48
Retail: 750 SF Yes
RC Hobbs Residential 19 Townhomes
No Commercial No
Coto Realty Multi-Family Units:68
No Commercial No
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6 • An Evaluation Committee, consisting of the Successor Agency, Public Utilities, Public Works, Economic Development, Housing Authority, Planning and an Eastside Community member was formed to review all development proposals.
• The Evaluation Committee, after carefu l review, collectively determined that the Grapevine Development, LLC proposal was the most responsive due to the RFP based on the proposals superio r mix of uses, large number of housing units proposed, financial capacity to undertake the acquisition, and development experience.
EVALUATION COMMITTEE
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7 PRELIMINARY SITE PLAN
UNIVERSITY AVE.
OTTAWA AVE.
Railroad Avenue
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8 PRELIMINARY ELEVATION
UNIVERSITY AVE.
OTTAWA AVE.
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9 Strategic Priority No. 3 – Economic Prosperity
Goal 3.3 – Cultivate a business climate that welcomes
innovation, entrepreneurship, and investment.
Cross-Cutting Threads
STRATEGIC PLAN ALIGNMENT
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10 That the Committee recommends that Successor Agency Board and Housing Authority Board:
1. Review and consider the development proposal from Grapevine Development, LLC, for the Success or Agency and Housing Authority properties for the development of a mixed-use project;
2. Direct staff to negotiate a Purchase, Sale, and Development Agreement for the Successor Agency property for the development of the proposed project to be presented to the Succe ssor Agency Board, Oversight Board and Department of Finance for final approval.
3. Direct staff to negotiate a Disposition and Development Agreement for the Housing Authority property for the development of proposed project to be presented to the Housing Authority Board for final consideration and approval.
RECOMMENDATIONS
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