Tonight, Fremont is taking a second stab at trying to turn the area around Fremont’s BART station into something resembling a downtown.
The city has tapped San Francisco-based development firm TMG Partners to spearhead a development on Capitol Avenue, which could turn the road into a hotbed of commercial activity with plenty of housing and public space to boot.
Just two years ago, developer William Faidi unveiled an ambitious plan that would have extended Capitol Avenue to Fremont Boulevard, and built a public plaza and lots of retail and housing on the expanded street.
But, those plans fizzled when Faidi and his relatives started suing each other over family assets. Faidi, who owns the shopping center at Mowry Avenue and Fremont Boulevard (the one with the Barnes & Noble), was too preoccupied to pursue the development, and the city decided to ditch him and go with TMG. Fremont still needs to get Faidi and his property involved in the project, though, if it is to be as ambitious as Faidi’s plan.
Assuming the City Council approves a Memorandum of Understanding at tonight’s meeting, TMG will have 180 days to come up with a conceptual development plan.