Proposed industrial redevelopment for Fremont’s Globe Shopping Center
A long-down Fremont mall could become an industrial space instead.
Scannell Properties wants to build 400,000 square feet of industrial space on 22.4 acres at 40517-40525 Albrae Street, the San Francisco Business Times reported. American Pacific International Capital licensed the mall in 2007 and built 102,000 square feet on nine acres, only to shut down when the recession hit a year later.
Scannell plans to construct a 190,503 square foot and 157,783 square foot logistics and manufacturing building. A third building of 46,839 square feet is planned for research and development or advanced manufacturing.
The proposal would require a general plan amendment and rezoning of the site, in accordance with the uses for which the property is already zoned.
Two commercial structures are expected to be demolished to make way for the new construction. One is vacant and the other is already partially demolished.
According to the staff report, city officials expect the new development to rehabilitate an “urban, degraded commercial site” and generate up to 650 jobs and sales tax revenue for Fremont.
The original $200 million plan for the project called for internationally themed retail and restaurants and what would have been Fremont’s tallest building – a 12-story, 250-key Europa Hotel. Fifteen years later, less than six percent of the 557,900 square foot commercial space approved for the Globe has been built.
Scannell offered a pledge of $500,000 to benefit the community.
The project was to be presented to the Planning Commission at the February 10 meeting. Scannell asked that it be discussed at the next meeting on February 24. Although city staff have recommended that the commission approve the project, it will still require final approval from city council.
[SFBT] — Victoria Pruitt