Tuesday, July 31, 2012

Port of Los Angeles Seeks Real Estate Developer

The Port of Los Angeles has sent out a request for proposals for the development of a 30-acre parcel of land on the waterfront.

“We are investing hundreds of millions of dollars in public waterfront infrastructure along 16 miles of community-adjacent port property at the Port of Los Angeles,” port Executive Director Geraldine Knatz said.

The development site includes 3,000 linear feet of rare water frontage and 375,000 square feet of retail and tourism-related entitled uses and is located at the south end of the Harbor (I-110) Freeway.

The parcel, which was originally developed as Ports O’ Call Village in the 1960s, is located within walking distance of the port’s World Cruise Center, which sees hundreds of thousands of cruise travelers each year, and the USS Iowa battleship museum.

The port says it plans to select a master developer to carry out a comprehensive redevelopment of the property and enter into a long-term ground lease, and that applicants will be reviewed based on their development vision and strategy for the site, their experience in developing premiere and unique commercial real estate projects and experience working with public agencies.

Developers interested in responding can attend a pre-proposal meeting at 2 p.m. Wed, Aug. 8 at The Plaza at Cabrillo Marina, 224 Whalers Walk, San Pedro, CA, 90731. The port’s request for proposals and project brochure is available at http://www.portoflosangeles.org/proposals/RFQ_POC_Development.pdf. Document1