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agenda city of watsonville city council/redevelopment agency meeting

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Scope <strong>of</strong> Proposed Investment Project<br />

California Sunshine Regional Center is prepared to assist foreign investors with investment objectives in<br />

commercial real estate industry. The 95 gross-acre Manabe-Ow Business Park (MOBP) in Watsonville, CA and 16<br />

acres Circle S Area Redevelopment Project in San Pablo, CA, and along with other potential developments in<br />

Watsonville, CA and San Pablo, CA are proposed to be listed as highlighted projects on CSRC’s application <strong>of</strong><br />

seeking USCIS’s designation as a regional center.<br />

Brief introduction <strong>of</strong> selected proposed investment projects in Watsonville, CA<br />

Manabe-Ow Business Park (MOBP) Specific Plan<br />

The 95 gross-acre Manabe-Ow Business Park (MOBP) Specific Plan is anticipated to be the primary new<br />

employment and economic development area in the City <strong>of</strong> Watsonville over the next 25 years. Within the<br />

commercial areas, 61 gross-acres <strong>of</strong> the Business Park are designed as a series <strong>of</strong> flex-use buildings that can<br />

readily adapt to changing local and regional market conditions. Business Park setting is envisioned to support<br />

the needs <strong>of</strong> existing and future local and regional businesses, from corporate headquarters to small light<br />

industrial and manufacturing start-ups. It is estimated to produce 2100 new jobs through completion <strong>of</strong> the<br />

project. A small retail center up to 25,000 square feet is anticipated to be located adjacent to Ohlone Parkway<br />

that provides neighborhood retail convenience services to both the Business Park and adjacent neighborhoods.<br />

Workforce housing built at a density up to 14 dwelling units per net developable acre is being considered to<br />

locate on the northeast corner <strong>of</strong> the project site. The property may also support alternative projects that<br />

supply jobs, sic as live/work housing, or assisted living projects.<br />

California Sunshine Regional Center (CSRC)<br />

6<br />

ATTACHMENT 1<br />

Page 7 <strong>of</strong> 21

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