pages: Mayor'sEconomicDevelopmentAdvisoryPanel/EconomicRecoveryTaskForce/2016-07-20.pdf, 10
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Mayor'sEconomicDevelopmentAdvisoryPanel/EconomicRecoveryTaskForce | EconomicRecoveryTaskForce | 10 | John McManus of Cushman Wakefield, said, historically, companies that have grown up like Genentech or Facebook start very small, incubate and then expand somewhere else. In the last cycle, companies like Sun and Cisco moved out and tried to get geographic diversity, grow as much in the South Bay and then buy another campus in Pleasanton. We are not seeing that now. Many companies want to stay together in one place, like Apple. Google X is an exception. We had hoped to see users that wanted that diversity of locations, but it has not happened that way in this cycle. We believe that there will be companies wanting to expand. In this awareness phase of the marketing, in addition to contacting these companies directly, we are going around to brokerage houses in San Francisco and on the peninsula that represent these companies. Cushman's message in the weekly and monthly meetings is when you have a large campus requirement that cannot go into an adaptive, existing building-typically bio-tech that requires building from the ground up-we have 82 acres, through CEQA, you just need site plan, elevations, and a design that works. The CEQA process is all done. We could also take incubators, much like TheraSense in Harbor Bay that became Abbott Diabetes Care. They started at 5,000 square feet and has expanded to nearby buildings. So when the technology hits, they go. Panel member Monteko inquired why no one is biting now. Mr. McManus said that there is no infrastructure; plus the City is picky. You can have a warehouse distribution center now. Interest from warehouse users in short term, but they are high traffic and low intensity. There is precedence with VF Outdoor. They moved from San Leandro and picked up more land as they grew. As we get the infrastructure in place with 9 to 15 acre projects that make it feasible, we can go down to four acre parcels and start to look at Semifreddi's and Peet's Coffee that have come out of Emeryville and Berkeley to Harbor Bay. It is not practical now to leapfrog Site A. 5-G Elect Chair and Vice Chair Ms. Butler introduced the item. Panel member Laguerre nominated Mr. Mik as Chair, quickly seconded by Mr. Winters. The Panel unanimously voted in favor. The meeting was turnover to the newly elected chair. Panel member Elsesser nominated Mr. Winters as Vice Chair, seconded by Ms. Monteko. The Panel unanimously voted in favor. 5-H Adopt Rules and Procedures The Chair asked if there was any discussion. There was none. The Vice Chair moved to adopt the Rules and Procedures; seconded by Dr. Laguerre. The Panel unanimously voted in favor. Draft Meeting Minutes Page 10 of 9 July 20, 2016 | Mayor'sEconomicDevelopmentAdvisoryPanel/EconomicRecoveryTaskForce/2016-07-20.pdf |