2900 Harbor Bay Pky 5.5 Acres of Residential Land in Alameda, CA 94502

Jones Lang LaSalle Americas, Inc. (“JLL”) has been engaged, as exclusive marketing advisor, to extend to qualified investors the opportunity to acquire the fee simple interest of 2900 Harbor Bay Parkway (the “Project”), a 5.5 acre land site in Alameda, CA. Currently entitled as a 172-key hotel, restaurant and cafe, preliminary conversations with the City indicate that 2900 Harbor Bay Parkway can be re-entitled to Life Sciences or cGMP with a 2-3 month path to entitlements and compliance with Bay Conservation & Development Commission (“BCDC”) process. The Property also scores highly on affordable housing criteria that qualify for federal tax credits, although a re-zoning would be required. The Bay Area is experiencing a housing crisis of epic proportions, particularly as it relates to affordable housing. The size & location of the Property - immediately adjacent to a transit hub - make it attractive for residential development, pending a re-zoning. New State laws supporting housing, such as AB 2011 which provides streamlined approvals for affordable housing projects that need a re-zoning, may provide a simplified entitlement path for affordable housing.