PORT OF LOS ANGELES SEEKS DEVELOPER INTEREST AND IDEAS FOR UNIQUE WAREHOUSE REDEVELOPMENT OPPORTUNITY
Informational Site Tours to be Conducted in Early December; Proposals Due January 18, 2011
SAN PEDRO, Calif. — December 1, 2010 — The Port of Los Angeles has released a request for statements of interest regarding the redevelopment of two 1940s vintage wood-frame industrial structures, Warehouse Nos. 9 and 10. The structures are owned by the Port, but will be made available to potential developers on a long-term lease basis.
The Port is seeking creative and unique redevelopment approaches that will consider the maritime and industrial history of Warehouse Nos. 9 and 10. The approaches should revitalize the warehouses as part of for a vibrant, new visitor-focused use that complements the Port’s San Pedro Waterfront Project, an ambitious initiative to revitalize the community and enhance the Los Angeles waterfront with a broad range of public uses. The structures’ high-profile locations near the intersection of 22nd Street and Miner Street in San Pedro are ideal for visitor-oriented retail and/or commercial uses.
The Port is looking for firms with extensive specialty retail, arts-related businesses or other active commercial uses, and/or industrial conversion real estate development experience. Firms may submit statements of interest for both Warehouse Nos. 9 and 10, or for either location individually. A phased development for the warehouses may also be considered.
Statements of interest are due January 18, 2011. However, interested parties are strongly encouraged to participate in informational site tours on December 6 or 7, 2010, and should contact Lisa Jordan at (310) 732-3850 to confirm attendance.
The Port of Los Angeles is America’s premier port and has a strong commitment to developing innovative strategic and sustainable operations that benefit the economy as well as the quality of life for the region and the nation it serves. As the leading seaport in North America in terms of shipping container volume and cargo value, the Port generates 919,000 regional jobs and $39.1 billion in annual wages and tax revenues. A proprietary department of the City of Los Angeles, the Port is self-supporting and does not receive taxpayer dollars.
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