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HomeMy WebLinkAboutPresentation - Carousel Mall Eval Options 10.28.20Title: Study Session – Evaluating Options for the Carousel Mall Presented by: Robert D. Field, City Manager, and Michael Huntley, Director of Community and Economic Development Evaluating Options for the Carousel Mall Study Session – Carousel Mall Evaluating Options for the Carousel Mall History of the Carousel Mall (formerly Central City Mall) In the 1960s, Downtown San Bernardino was in decline Regional Mall development was a new commercial trend in the U.S. The Central City Mall was a Redevelopment Agency project that would occupy 44 acres of downtown requiring major demolition of 4 commercial blocks The Mall included 3 major anchors and 52 in-line stores with at grade and structured parking The Mall opened its doors in 1973 to much fanfare In 1991, the Mall was rebranded as the Carousel Mall with the inclusion of a Carousel in the center court of the mall In 2017, the Mall closed its doors to the public Evaluating Options for the Carousel Mall BACKGROUND Contributing factors that led to the decline of the Carousel Mall (formerly Central City Mall) Proximity to the Inland Center Mall Development of Hospitality Lane Corridor and the relocation of businesses from Downtown Closure of the Norton Air Force Base Closure of Kaiser Steel Closure of Santa Fe Rail Yard Relocation of Federal and State Courthouses Evaluating Options for the Carousel Mall Master Planning Attempts Development Concepts Court Street West Specific Plan (February 2007) - Perkowitz + Ruth/FORMA San Bernardino Downtown Core Visions and Action Plan (June 2009) – EDAW/AECOM Carousel District Specific Plan (June 2017) – AECOM/Fransen Evaluating Options for the Carousel Mall Downtown Study Area Evaluating Options for the Carousel Mall 2009 Downtown Core Vision and Action Plan Evaluating Options for the Carousel Mall Most Recent Actions November 2014 – Solicitation of Interest Letter to interested developers November 2015 – AECOM/Fransen selected and the City executed an Exclusive Negotiation Agreement leading to an agreement to evaluate/master plan the Carousel Mall and Theater Square 2018 – AECOM/Fransen no longer worked on the Carousel Mall and focused their attention on the Theater Square Master Plan May 2019 – The City Council directed staff to prepare a Request for Qualifications to solicit interest from developers December 2019 – Staff presented the results and City Council directed staff to have the top three developers compete through a Request For Proposal process Current Status – Final proposals are ready for presentation to the Mayor, City Council and Community Evaluating Options for the Carousel Mall Options For Consideration Option 1: Stay the Course Select a Preferred Developer to work with the City Negotiate and execute an Exclusive Negotiation Agreement for a term of 12 to 18 months Both the City and the Preferred Developer work through their due diligence period and work towards the execution of a Purchase and Sales Agreement (PSA) or similar agreement Either execute a PSA or go back out to the market Evaluating Options for the Carousel Mall Options For Consideration Option 2: Evaluate Demolition Requirements and Costs Review the Restrictions and Easement Agreement (REA) Review the existing Parking Agreements (5 in total) Evaluate the environmental conditions on the property (soils contamination, asbestos and lead based paint). Remediation may be a component of the future demolition phase. Assess impacts to adjoining buildings (i.e., Harris Department Store and Enterprise Building) Evaluate off-site infrastructure for the redevelopment of the mall property Prepare demolition cost estimates Establish Phasing Plans for future demolition activities Evaluating Options for the Carousel Mall Carousel Mall Site Layout Evaluating Options for the Carousel Mall Utility Assessment Evaluating Options for the Carousel Mall Auto Center Facility Evaluating Options for the Carousel Mall Adjoining Buildings Evaluating Options for the Carousel Mall Options For Consideration Option 3: Integration of the Downtown Specific Plan Preparation Preparation of the Downtown Specific Plan Preparation of a Program Environmental Impact Report (PEIR) Note: Both the evaluation of the demolition of the Carousel Mall and the future demolition can run in tandem with the preparation of the Downtown Specific Plan. The developers that submitted proposals should participate in the visioning workshops that will culminate in the final vision and development parameters for Downtown and the Carousel Mall. Evaluating Options for the Carousel Mall Options For Consideration Option 4: Select Options 2 and 3 Will allow the City to understand the true cost of demolition and potential remediation of the Carousel Mall property. The demolition of the Mall will create a site that is ready for development. Adoption of a Downtown Specific Plan will create development standards that take the risk out of the development of the Carousel Mall. The preparation of a Program EIR will allow a developer to proceed without the typical lengthy environmental review process associated with entitlements. In total, these actions create a much more marketable property for the development industry. Questions and Open Dialog