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agenda city of watsonville city council/redevelopment agency meeting

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could also become home to an outlet mall or other strip retail center. The project would create between 50 and<br />

100 jobs depending on the type <strong>of</strong> development.<br />

Downtown Watsonville<br />

Downtown Watsonville is home to many beautiful historic buildings. The downtown is reminiscent <strong>of</strong> a bustling<br />

past and has remarkable potential. Some <strong>of</strong> the buildings were built by famous Victorian period architect,<br />

William Weeks – famous for designing the “Painted Ladies” in San Francisco as well as many Victorian period<br />

buildings throughout California. Unfortunately, Downtown has suffered from fractional property ownership,<br />

loss <strong>of</strong> adequate parking in certain areas and most strikingly, the loss <strong>of</strong> the retail anchor downtown. The City is<br />

taking steps to remedy many <strong>of</strong> the problems downtown, but investment is needed in public and private parking<br />

as well as in the building stock – some <strong>of</strong> which has not been properly maintained. There are a number <strong>of</strong> small<br />

investment opportunities in downtown that could result in immediate job growth and return on<br />

investment. These opportunities include assemblage <strong>of</strong> buildings for retail tenants, development <strong>of</strong> new<br />

buildings, development <strong>of</strong> private or public parking structures and development <strong>of</strong> entertainment venues.<br />

Mix-use Commercial and Residential Complex Development<br />

CSRC will also recruit international private sectors that devoted to develop mix-use units to not only fits Santa-<br />

Cruz local markets, but also interest future overseas EB-5 investors and their families.<br />

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

Circle S Project Area<br />

The Redevelopment Agency acquired the former Davis Lumberyard property, Chattleton Lane Homes, Salvation<br />

Army site, and the Circle S and Alvarado mobile home parks to be developed into a mixed-use project. Through<br />

community input, the mixed use concept will include housing, retail, entertainment and open space. The<br />

Redevelopment Agency <strong>of</strong> the City <strong>of</strong> San Pablo identified the Circle S project area as a priority<br />

California Sunshine Regional Center (CSRC)<br />

8<br />

ATTACHMENT 1<br />

Page 9 <strong>of</strong> 21

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