VA Seeks Private Development Partners for Rare Sausalito Bayfront Property

Sausalito, Bay Area, Department of Veterans Affairs, 25 Liberty Ship Way,
Image courtesy of Google Earth

Historic Sausalito shipyard property provides unique redevelopment opportunity

SAUSALITO, CA – Commercial redevelopment opportunities on prime waterfront land in the Bay Area are rare, but a 1.7 acre Bay-side parcel in Sausalito is now available to developers. The Department of Veterans Affairs (VA) has issued a Request for Qualifications (RFQ) for a private sector development partner to redevelop the historic Machine Shop site at 25 Liberty Ship Way.

The site contains a 37,800 square foot, two-story Machine Shop building built in 1942 as part of the Marinship Shipyard, where vessels – known as Liberty Ships – were constructed during World War II. In 2016, the structure was placed on the National Register of Historic Places. The site is zoned a public institutional (PI) district, and is subject to the Marinship Overlay District, which is dedicated to preserving the area for Sausalito residents.

Potential commercial uses for the property are numerous but include marina-oriented light industrial, office, and retail space.

“This is a unique opportunity for a qualified developer to partner with the Department of Veterans Affairs to create a plan that will add a productive asset to the Sausalito community by repositioning a historic site with deep ties to Sausalito’s maritime past,” said Paul Rau, Senior Realty Specialist at VA. Responses to the RFQ are due September 29, 2017.

For more information on the offering, please visit:
https://www.cfm.va.gov/CFM/realProperty/HRP/MachineShop/index.asp

West Coast Commercial Real Estate News