Description
The Department of the Navy is seeking a private developer to enter into a long-term lease agreement for approximately 27.6 acres at Naval Weapons Station Seal Beach, California. The developer will provide in-kind consideration (IKC) in the form of mission sustainment projects, valued at not less than the fair market value of the leasehold interest. The project aims to facilitate the reutilization of the NWSSB PCH Parcels, improve the quality of life for NWSSB military personnel and their families, and provide commercial and economic opportunities in the community of Seal Beach.
Key aspects of the project include:
* Development of a mixed-use project, including residential, office, retail, and hotel components
* Completion of mission sustainment projects as IKC for the leasehold interest
* Compliance with federal, state, and local regulations, including the California Coastal Management Program
* Coordination with the City of Seal Beach and other local agencies for permitting and approvals
* Provision of financial information and demonstration of financial capability to carry out the development, operations, and management of the project