Redevelopment of GCTD's Third Street Property

Description

The Opportunity: Gold Coast Transit District (“GCTD”) is the largest public transportation operator in Ventura County, providing fixed-route and senior/ADA public transit service in Oxnard, Port Hueneme,Ventura, Ojai, and the unincorporated areas of Ventura County. GCTD is pleased to announce this opportunity to redevelop its Third Street Property, the former location of GCTD’s Administration andOperations Facility. GCTD’s objectives for this RFP are to increase ridership along existing transit routes by adding housing near GCTD's main transit center in Central Oxnard and to provide a longtermrevenue stream to support GCTD operations.Type of Solicitation: GCTD is Requesting Redevelopment Proposals from qualified and experienced residential and/or mixed-use developers to design, construct, manage, and operate a new transitoriented mixed-use or residential multifamily community that is affordable to lower- and moderateincome households. GCTD intends to retain fee ownership of the Third Street Property and is seeking to enter into a 99-year Ground Lease Agreement with the selected Preferred Developer.Property Location: The Third Street Property comprises an entire city block, strategically located in the heart of Oxnard, just two (2) blocks east of Downtown, and directly adjacent to several GCTD bus routes. The Site is within one-half mile of the Oxnard Transportation Center with a range of public transit opportunities, including additional GCTD bus routes and regional bus, Amtrak, and Metrolink connections.City Zoning & General Plan: The City of Oxnard holds primary development entitlement and permit approval authority for redevelopment of the Third Street Property, which has a City zoning designationof C-2 PD AHD (General Commercial - Planned Development - Affordable Housing Discretionary), and a General Plan land use designation of