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2900 Harbor Bay PkwyAlameda, CA 94502
2900 Harbor Bay
Asset ClassLand
Premier Bay Area Development Opportunity

Overview

2900 Harbor Bay Parkway, a 5.5 acre land site in Alameda, CA. Currently entitled as a 172-key hotel, restaurant and cafe, preliminary conversations with the City indicate that 2900 Harbor Bay Parkway can be re-entitled to Life Sciences or cGMP with a 2-3 month path to entitlements and compliance with Bay Conservation & Development Commission (“BCDC”) process. The Property also scores highly on affordable housing criteria that qualify for federal tax credits, although a re-zoning would be required.

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Investment Highlights

  • One of the last remaining prime Life Science development sites in the East Bay
  • Inexhaustible demand for new housing
  • Access to top research universities and highly educated labor pool
  • Business-friendly city including expedited permitting process, lower taxes and power provided by city-owned utility
  • Competitive scoring on affordable housing federal tax credit metrics
  • Unobstructed views of the bay and Downtown San Francisco
2900 Harbor Bay PkwyAlameda, CA 94502

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Listing provided by Revere CRE