At a ceremony near the site yesterday, Catellus broke ground on the Alameda Landing development project, which would bring a Target store to Alameda and provide 300 units of housing and up to 400,000 square feet of office space.
The site is located close to the Alameda side of the Webster and Posey Tubes in west Alameda.
The plan was approved by the City of Alameda in 2007, but was stalled by the recession and real estate crash. The City expects the Target store to generate as much as $300,000 per year in retail sales tax revenue on annual sales of $30 million.
Apart from free food, speeches and gold-colored ceremonial shovels, the event yesterday featured a demolition crane tearing into one of the former Fleet Industrial Supply Center buildings at the site.