01.12.2014 Views

agenda city of watsonville city council/redevelopment agency meeting

agenda city of watsonville city council/redevelopment agency meeting

agenda city of watsonville city council/redevelopment agency meeting

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Jennings Industrial Park<br />

Jennings Industrial Park is roughly 25 net acres adjacent to the north edge <strong>of</strong> the Watsonville Municipal Airport.<br />

The project is home to the new international headquarters <strong>of</strong> Nordic Naturals, a fish oil supplement company<br />

that employs roughly 180 people in Watsonville. The project is constrained by access. Its primary access is via<br />

Manfre Road, a county road that is narrow and winding. All other possible routes cross one <strong>of</strong> the airports’ two<br />

runway flight paths. There is capa<strong>city</strong> remaining in the part to build roughly 200K square feet <strong>of</strong> additional<br />

building which would provide employment for up to 200 people.<br />

25 Sakata Lane<br />

Sakata Lane is 9.4 net acres <strong>of</strong> developable land adjacent to the Pajaro River. The site is constrained in that was<br />

formerly the bus depot for the regional transit <strong>agency</strong>. The 150K square feet building built in 1987 by the transit<br />

district was irreparably damaged in the 1898 Loma Prieta Earthquake. This building has become a palate for<br />

graffiti and an attractive nuisance for vagrants. The property has a PG&E substation adjacent to the property<br />

and would be able to receive PG&E’s lowest possible rates. The site has infrastructure and there is some latent<br />

demand for the property, but at the current time no development has taken place largely due to the existence<br />

<strong>of</strong> the derelict transit building. The developer estimates that with an investment <strong>of</strong> as little as $2MM the project<br />

could come to fruition. The project is entitled and even has approved plans for an 85K square feet building as<br />

phase 1 <strong>of</strong> the development plan.<br />

Indalux<br />

Indalux was a manufacturer <strong>of</strong> extruded aluminum window frames. The operated in Watsonville from the late<br />

50’s to the early part <strong>of</strong> the 2000’s. The 7.3 acre site is constrained by environmental conditions created by the<br />

former occupant. The site is in the process <strong>of</strong> being cleaned up but the owners believe that the functionally<br />

obsolete buildings on the site have residual value. In order to overcome this problem, <strong>city</strong> staff hopes to rezone<br />

the site to accommodate freeway serving retail uses and hotels. The site is on the main freeway exit to the<br />

beach resorts near Watsonville and several retail developers have expressed interest in the site. With a modest<br />

investment, the site could be cleared and developed into a hotel with other tourist serving retail options. It<br />

California Sunshine Regional Center (CSRC)<br />

7<br />

ATTACHMENT 1<br />

Page 8 <strong>of</strong> 21

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!