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Tamien Station a Case Study for infill re-use April 12, 2017
Tamien"Sta+on"Loca+on"
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Site"History"o The"site"was"previously"developed"as"a"cannery"which"existed"
through"the"mid"1980’s"o General"Industrial"tenants""occupied"the"site"from"1984"un+l"1989"o VTA"purchased"the"site"in"1989"for"Sta+on"improvements"and"Right"
of"Way"for"Transit"o In"1995J1997"Childcare"usage"was"added"
o In"2014"there"was"a"Sale"of"3.5"acres"to"create"new"community"park"
o VTA"has"achieved"en+tlements"to"pursue"Joint"Development"and"replacement"parking"
""""""""""Tami""""""Tamien"Site"Plan"4"
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Development"Challenges"o Mi+ga+on"of"archeological"resource"impact"
o Replacement"parking"
o Maximizing"revenues"and"affordable"housing"
o Improve"sta+on"way"finding"and"security"
o Minimizing"community"impacts"during"phased"construc+on"
o Developing"financeable"deal"documents"
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Tamien"Sta+on"Request"for"Proposals"
o Issued"September"27,"2016"
o Compe++ve"offering"to"iden+fy"a"developer"to"enter"into"exclusive"nego+a+ons"(ENA)"o Purpose"is"to"create"a"Joint"Development"
Agreement"
o VTA"would"enter"into"a"longJterm"ground"lease"to"build"a"project"as"en+tled"by"City"
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Tamien"RFP"Goals"
o Quality"proposal"from"an"experienced"team"o Financial"capacity"to"design,"finance,"build,"operate"
o Realize"Joint"Development"Policy"Goals"
o Minimum"20%"of"units"as"affordable"housing"
o Create"community"workforce"opportuni+es"
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Staff"Recommended"Republic"Tamien"LLC"(proposal)"as"Development"Partner"
o 352"market"rate"units,"88"affordable"(20%)"
o 65Jyear"ground"lease"+"2"x"10Jyear"op+ons"o Replacement"garage"es+mated"at"$23"million"
o 50Jyear"revenue:"$49.7"million"o NPV:"$8.5"million"
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Republic""Tamien"
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Tami"""Republic"Tamien"Site"Plan"
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Republic"Tamien"Replacement"Parking"
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Next"Steps:"Poten+al"VTA"Objec+ves"for"Nego+a+ons"
o Republic"Tamien:"o Affordable"housing"in"first"phase,"addi+onal"
affordable"housing;"revised"phasing"to"shorten"+meline"
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Cerone Yard a Case Study for infill re-use April 12, 2017
Cernone"Yard"Loca+on"
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Site"History"o The"site"was"used"for"agricultural"purposes"from"
1940J74"o Between"1979J82"the"site"was"used"for"RV"and"
vehicle"parking"o VTA"began"its"current"yard"usage"of"the"site"in"
1982"to"present"
""""""""""Tami""""""Cerone"Aerial"View"16"
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Development"Challenges"o Riparian"setback"o Burrowing"owl"mi+ga+on"habitat"
o High"pressure"u+lity"pipeline"o Con+nued"VTA"Yard"usage"o Market"place"challenges"
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Cerone"Yard"Request"For"Qualifica+ons"
o Issued"June"14,"2016"o Compe++ve"offering"to"iden+fy"a"qualified"
development"team"
o VTA"would"enter"into"a"longJterm"ground"lease"to"build"a"project"as"en+tled"by"City"
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Cerone"Yard"RFQ"Goals"
o Iden+fy"a"quality"development"team"to"design,"finance,"build"and"operate"a"commercial"development"with"up"to"1.8M"sf"
o Realize"Joint"Development"Policy"Goals"
o Generate"long"term"revenue"for"opera+ons"while"crea+ng"community"workforce"opportuni+es"
20"TaCerone"Opportunity"Site"Plan"
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Next"Steps:"Poten+al"VTA"Objec+ves"for"Cerone"Yard"
o Await"market"condi+ons"that"align"with"the"City"of"San"Jose’s"land"use"vision"for"the"site"