Summary
Poseidon Tech Corporation is leasing Building 11 at Alameda Point to manufacture autonomous aircraft, bringing new jobs and significant private investment to a long-vacant facility.
At a glance
- Total mentions
- 9
- Last 30 days
- 2
Discussed at 1 meeting in the last 60 days; most recently Oct 20, 2026.
Impact analysis
Generates nearly $13 million in rental revenue over the initial seven-year term while requiring an $828,905 expenditure for broker commissions.
Alamedans benefit from economic revitalization, approximately 150 projected high-tech jobs, and private capital investment in city-owned infrastructure.
No community members are directly harmed, though some residents expressed general concerns regarding transparency in industrial leasing.
Mentions & discussions (9)
City Council - Oct 20, 2026
Poseidon Tech Corporation is leasing Building 11 at Alameda Point to manufacture autonomous aircraft, bringing new jobs and significant private investment to a long-vacant facility.
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City Council - Sep 1, 2026
The City is negotiating leases and sales for major properties at Alameda Point, including Building 24 and Piers 2 and 3, which will shape future commercial and industrial activity on the former naval base.
City Council — April 22, 2026
The city evaluated selling a 3.56-acre property at 650 West Ranger Avenue to Ernst Development Partners for commercial or industrial use.
City Council - Apr 21, 2026
The city approved selling an 89,000-square-foot warehouse at Alameda Point to Ernst Development Partners for $7.25 million to help fund future phase two infrastructure loops.
City Council — February 4, 2026
The city considered declaring fourteen city-owned properties and buildings at Alameda Point as exempt surplus land under the Surplus Land Act to facilitate future use and development.
City Council — January 21, 2026
The city reviewed ongoing leasing strategies, water infrastructure agreements, and property sales within the reuse areas at Alameda Point.
City Council - Jan 20, 2026
Staff presented updates on leasing and selling properties at Alameda Point to fund backbone infrastructure improvements. The discussion highlighted the financial challenges of maintaining aging historic buildings while balancing economic development goals.
Related development
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Brings a major cultural anchor to Alameda Point, enhancing community vibrancy.
Poseidon Tech Corporation - Building 11 Lease
Brings roughly 150 jobs and several million dollars in building upgrades to Alameda Point while establishing a $1.50 per square foot rental comp.
Kai Concepts Lease at Building 168 and Pier 1
Generates lease revenue and supports maritime technology innovation while maintaining city flexibility.
Radium Theater Performing Arts Center
Brings cultural amenities and community gathering space to Alameda Point.
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