ALAMEDA -- A Target store is already planned for Alameda Landing, the mixed retail and housing development that will be built near the Webster Tube. But securing a specialty grocery store could help the city capture millions of dollars in lost sales tax revenue, according to a report that reviews ways to attract retailers for the project.
Target will anchor the shopping center and employ about 200 people when it opens next October.
The store is also expected to generate up to $300,000 in annual sales tax revenue for the city, while an additional $200,000 is expected from other businesses when the center is finished.
A grocery store such as Whole Foods or New Leaf could co-anchor at the center, the report says, especially since Safeway or a larger supermarket will likely require more space than would be available at the 23-acre site.
"If secured as a tenant, a more specialty-oriented grocery store would serve to set the Alameda Landing shopping center apart from all other shopping centers in Alameda and in the surrounding region," according to the report prepared for Catellus Development Corp., which is behind the Alameda Landing project. "This store could provide a unique draw and would complement the existing full-scale grocery stores and small independent markets distributed throughout Alameda, mostly on the eastern side of the Island."
The Planning Board will review the report when it meets on Monday.
Among the findings of the report, which was prepared by Berkeley-based ALH Urban & Regional Economics, was that Alameda is "leaking" millions of dollars in sales tax revenue due to residents shopping off the Island.
In 2010, residents spent about $137 million in other cities for general merchandise, or for items offered at warehouse clubs and department stores such as Macy's, the report says.
Residents spent an estimated $124 million for cars and vehicle parts away from the city, it says, plus they spent an estimated $68 million for building materials and garden equipment.
Along with Target and other businesses, some 278 homes and about 400,000 square feet of office space is planned for Alameda Landing.
TriPointe Homes LLC is proposing to build the homes on about 22 acres at the site, which was once U.S. Navy property and totals about 77 acres.
The entire area was once the Fleet Industrial Supply Center, which served the Alameda Naval Air Station before the base closed in April 1997.
It borders the Bayport housing development and is near College of Alameda and the Webster Tube.
Reach Peter Hegarty at 510-748-1654 or follow him on Twitter.com/Peter_Hegarty/.
The Planning Board will meet at 7 p.m. Monday at City Hall, 2263 Santa Clara Ave.