In The Know – News Brief From Lee East Bay

In The Know – News Brief From Lee East Bay

In The Know – News Brief From Lee East Bay

In The Know – News Brief From Lee East Bay

In The Know – News Brief From Lee East Bay

Livermore Cuts Ties With Lennar in Downtown Mixed Use Development

The saga continues… City Council did not extend the 9-month contract with Lennar Multi-Family Communities, ending the year long relationship. As some might recall, this time last year a number of developers were asked to present plans for the former Lucky Supermarket site, now a half dirt parking lot between First and Railroad Avenue. Lennar was selected as the developer who would then work with City staff, Council, and the community to come up with a final plan. Unfortunately, Lennar didn’t get that opportunity due to the November elections. With fresh Council members, the project is back to square one.

Development is always tricky, you are asking a community of people who already have homes in that area to decide on more people, more traffic, more impact on services; rarely does a community gather to encourage more housing and more people when their needs are met. While I do believe the project should be carefully planned to reflect the actual needs of the community, the wants and priorities of those closest to the situation may not actually understand the real needs of the greater market and what is actually marketable.

For example, we know Livermore is a sought-after community, filling apartments and condos is no problem. However, we have no idea if a 130-room hotel will ever sell out or if a 75,000 square  retail center will find an anchor store. In fact, Livermore traditionally has not supported big-box retail outside of the “freeway zone” and vacancy rates of the local hotels are not low enough for hoteliers to be attracted to building a new facility, downtown or otherwise. The market will dictate what makes economic sense, someone just needs to be listening.

Link to EBT Article

In The Know – News Brief From Lee East Bay

In The Know – News Brief From Lee East Bay

In The Know – News Brief From Lee East Bay — Lee & Associates – East Bay, Inc.

WALNUT CREEK The Foundry Food Hall Planned For Downtown Walnut Creek Walnut Creek Turkey Trot Race On November 24 New Patio Opens At Slice House Pizzeria In Walnut Creek ALDO Opens In Broadway Plaza In Walnut Creek Mod Pizza Opens In Orchards Shopping Center In Walnut Creek PLEASANTON Pleasanton Office Accepting Donations For 2016 […]

via In The Know – News Brief From Lee East Bay — Lee & Associates – East Bay, Inc.

In The Know – News Brief From Lee East Bay — Lee & Associates – East Bay, Inc.

WALNUT CREEK Major Value-Add Office Asset In Concord Up For Sale Poke Salad Opens In Concord Green Bubbles Opens In Downtown Walnut Creek 310 Eatery Pops Back Into Walnut Creek At Library On Main PLEASANTON East Bay Parks Waiving Fees For Veterans On Holiday Pleasanton Launches Water Conservation Campaign Dublin Wins In Court Over […]

via In The Know – News Brief From Lee East Bay — Lee & Associates – East Bay, Inc.

Mirchi – Seasoned, With Spice — Lee & Associates – East Bay, Inc.

The Village Green is a small shopping center off Village Parkway in Dublin that is home to many long term tenants; Hairquarters, Dublin Vacuum, The Clock Shop, etc. The former restaurant space at the entrance has been vacant for some time now, and many residents wondered what would take that space. Well, we have an […]

via Mirchi – Seasoned, With Spice — Lee & Associates – East Bay, Inc.

In The Know – News Brief From Lee East Bay — Lee & Associates – East Bay, Inc.

WALNUT CREEK LaSalle Pay $158MM At 5.3% CAP For Ygnacio Center In Walnut Creek Multifamily Market Heats Up In Concord Panda Express Opening Soon In New Concord Spot Petco Opens In Orchards Shopping Center In Walnut Creek Z Gallerie Opening This November In Downtown Walnut Creek Urban Remedy Opens In Downtown Walnut Creek PLEASANTON […]

via In The Know – News Brief From Lee East Bay — Lee & Associates – East Bay, Inc.

In The Know – News Brief From Lee East Bay — Lee & Associates – East Bay, Inc.

WALNUT CREEK Safeway Opens In Orchards Shopping Center In Walnut Creek Anthropologie & Co Reopens In Gigantic Spot In Downtown Walnut Creek Urban Remedy Signage Up In Downtown Walnut Creek Forever Yogurt + Bee & Tea Signage Up In Walnut Creek Spirit Halloween Opens In Plaza Escuela In Downtown Walnut Creek Poke Salad Opening Soon […]

via In The Know – News Brief From Lee East Bay — Lee & Associates – East Bay, Inc.

In The Know – News Brief From Lee East Bay — Lee & Associates – East Bay, Inc.

WALNUT CREEK Godiva Opens In Broadway Plaza, Soft Serve Ice Cream Available Old Navy Coming To Broadway Plaza In Walnut Creek Lowe Enterprises Acquires Walnut Creek Office Asset For $36MM Let The Demolition Begin – Veranda Shopping Center Coming To Concord BevMo! Gets Remodeled At N. Main St. Location In Walnut Creek LEI Grabs 105K […]

via In The Know – News Brief From Lee East Bay — Lee & Associates – East Bay, Inc.