Alameda City Council in the US state of California has approved the master plan for a new development and upgraded infrastructure at Alameda Marina, that when completed will total in excess of US$25m worth of improvements to the privately-owned marina and public lands adjacent to it.

Despite the island community’s 3,400 boat slips at public and private marinas, the 68-year-old facility is one of only a handful of full-service marinas offering dockage, dry storage and repairs, with 530 wet berths, dry storage to accommodate over 700 boats and RVs, as well as office space, warehouse space and industrial space.

The project will include improvements to the seawall, marina, boatyard, dry boat storage, and several public waterfront improvements such as a 3.5-acre public park, a new public kayak launching facility, and a landing for the city’s planned water shuttle services. The marina will also provide major investments to improve traffic circulation and about $300,000 each year in annual assessments to fund improved transit services for the surrounding neighborhood.

Finally, the new development will build 760 multifamily units in compliance with the city of Alameda’s Housing Element and state-mandated regional housing obligations in a variety of size and price points, half for sale and half for rent, including 104 deed-restricted affordable housing units, according to reports in the East Bay Times.

Alameda Marina sits on 44 acres, 27 of which are owned by Pacific Shops Inc and 17 acres owned by the city and leased back to the operator.

Construction is projected to start in two years, and the project will be developed in phases over the next several years.