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Strategy for a Sustainable Region Priority ... - One Bay Area

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Figure 43<br />

PDA Readiness Criteria Worksheet<br />

PDA name: Pittsburg Downtown Version: Baseline<br />

#<br />

Readiness<br />

Criteria Category<br />

# Sub-Criterion Name Present (2012)<br />

PDA Development Readiness Scoring<br />

2020 2030 2040 Notes<br />

D<br />

1<br />

Limited recent multifamily development activity in Downtown area<br />

Market and<br />

Investment<br />

Attractiveness<br />

History of real estate investment in PDA<br />

and surrounding city<br />

0.10 0.05 0.00<br />

2 Recent Local Development Activity<br />

0.00 0.00 0.00<br />

A-129<br />

3 General Market Conditions<br />

0.10 0.10 0.00<br />

As is the case with the other East County PDAs there is a historically<br />

weak and limited market for market multifamily development in<br />

Pittsburg.<br />

4 Financial Feasibility Constraint<br />

0.20 0.20 0.10<br />

Relatively low achievable price points in this area make it difficult to<br />

support the higher costs (per square foot) of multifamily infill<br />

development.<br />

5 Parcel size and configuration<br />

0.00 0.00 0.00<br />

6 Existence of major investment<br />

disincentives<br />

0.00 0.00 0.00<br />

Economic & Planning Systems, Inc. 3/26/2013 Page 3 of 4 P:\121000\121113MTC\Readiness_Assessment Process\PDA Readiness Assessment\WK_Readiness Assessments\All_WK_Sample032513

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