• Nimitz Group Completes Mare Island Acquisition Process

    November 18, 2019
    City of Vallejo
    November 15, 2019
     
    For more information:
     
    Will Morat, Assistant to the City Manager, will.morat@cityofvallejo.net 
     
    CITY OF VALLEJO ENTERS NEW PARTNERSHIP AS NIMITZ GROUP COMPLETES MARE ISLAND ACQUISITION 
     
    VALLEJO, CA - The City of Vallejo enters a new public-private partnership on Mare Island following The Nimitz Group's acquisition of 500 acres of land from Lennar Mare Island, LLC (LMI), expanding the developer's holdings to over 800 acres of prime commercial and residential land on the San Francisco Bay.
     
    The Nimitz Group's purchase of the former Mare Island Naval Shipyard from LMI includes 3.6 million square feet of leased commercial, light industrial, manufacturing and office space that is currently home to over 110 businesses and 3,000 jobs, with more available, entitled land and historical buildings cleared for adaptive re-use.
     
    "This acquisition signals the next evolutionary phase in the revival of Mare Island," said Greg Nyhoff, City Manager. "We are excited to expand our work with The Nimitz Group through an innovative partnership and continue to build the momentum that will establish Mare Island and Vallejo as the premier destination in the San Francisco Bay Area."
     
    The acquisition follows the City's selection of The Nimitz Group in May 2018 for exclusive negotiations of 157 acres of land on North Mare Island. The City began a second phase of demolition of vacant buildings on North Mare Island this week to prepare the site for development. In June 2019, the Nimitz Group acquired the 170-acre golf course on Mare Island.
     
    "Combining the north and south parts of the island under a single private developer, and the support demonstrated by our community and City Council, will accelerate the growth and expansion of commercial opportunities on Mare Island," added Nyhoff. "The Nimitz Group shares the City's vision of anchoring sustainable, living-wage employers in Vallejo in an environment that provides access to the resources today's businesses need - transportation options, a skilled workforce, quality housing, and a proactive City partner."
     
    In early 2019, Nimitz brought on the world-renowned planning and design firm HOK to lead the master planning process for the entirety of Mare Island. The transfer of LMI's holdings, obligations and development rights to Nimitz was approved by the City Council on July 31, 2019.
     
    Sitting at the confluence of the Napa River and the San Francisco Bay, Mare Island Naval Shipyard was the U.S. Navy's largest and oldest base west of the Mississippi River, until decommissioning in 1996. Redevelopment on the southern part of the island began through a public-private partnership with Lennar in 1999. With entitled land and historical buildings still available, and a 50-minute high-speed commuter ferry directly to San Francisco, Mare Island has become the dynamic mixed-use destination in the San Francisco Bay Area.
     
    For more information on the Nimitz Group, their planning process, and contact information, please click here.
     
     
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    About City of Vallejo
    The City of Vallejo, California is located in the Bay Area. The City serves a population nearly 122,000 people with a full service operation that includes police, fire, water, community planning, public works and related professional administrative services. The city is home to a wealth of culture, attractions and events from the popular theme park Six Flags Discovery Kingdom, to museums, parks, music venues, art galleries and theaters. One of the great small towns of Northern California, Vallejo's residents, businesses and City Council are working together to help make Vallejo a safe and clean place to live, work and to enjoy all the attractions and events.
     
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    Contact:
    Will Morat, Assistant to City Mgr
    7076484109
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