| The U.S. Department of the Navy, Base Realignment and Closure Program Management Office Southeast, will be offering for sale to the public in two (2) separate parcels, an approximate 2,036 acres of land and the existing building and other improvements thereon. The Property is located within the site boundaries of the former Naval Station Roosevelt Roads (“Roosey Roads”), adjacent to the communities of Ceiba and Naguabo on the eastern coast of the Commonwealth Puerto Rico. The public sale will be conducted via an online auction, presently scheduled to commence on February 13, 2012.
Today, there is no similarly featured real estate opportunity available anywhere on the eastern seaboard of the North American continent or in the greater Caribbean region. The Roosey Roads pubic sale offering enjoys many incredible natural features and comes with a considerable inventory of over 800 existing residential homes and a variety of commercial building structures and many more amenities. From the breathtaking views of the emerald-colored El Yunque mountain and its surrounding “Caribbean Rain Forest”, to the rolling lush hills throughout the former base that frame the glistening waters of the blue Caribbean and the Spanish Virgin Islands, the “Roosey Roads” public sale offering will be a truly a once-in-a-lifetime opportunity, and will be recognized as such by any discerning and visionary investment/development group. The 2,036 aces making-up the “Public Sale offering” have been bifurcated into two separate parcels. Both of the two public sale parcels have their own distinct characteristics and potential future uses and reuses. A unique and compelling vision and plan for the reuse of the property has been created by the Roosevelt Roads Legal Reuse Authority (the “LRA”) , established by the Puerto Rico Department of Economic Development and Commerce. The most current Reuse Plan, an addendum to the 2004 Reuse plan dated April 30, 2010, may be obtained directly from the Autoridad para el Redesarrollo Local para Roosevelt Roads, or downloaded as a PDF via a link on this website found on the page entitled “The Roosevelt Roads Reuse Plan”. IMPORTANT NOTE: Certain of the land and building reuses described and depicted in the aforementioned Roosevelt Roads Reuse Plan are not relevant to the specific real property making up the Government’s public sale offering of Parcels 1 and 2. All parties interested in this public sale offering are strongly urged to consult with the LRA and other appropriate governmental and public agencies, and should rely only upon their own independent investigations as to the ability to reuse, lease or sell any portion of the public sale properties offered herein. General Description of the Public Sale Parcels Parcel I – “Bundy”, is the larger of the two public sale parcels, covering approximately 1,539 acres, and offers a vast and wide array of potential reuses. The 2010 Reuse Plan addendum includes the following development zones within the boundaries of Parcel 1:
Parcel II – “Capehart”, consist of approximately 497 acres of land, and includes hundreds of existing residential homes and other building improvements. The 2010 Reuse Plan addendum designates the whole of Parcel 2 as “Development Zone 10 Capehart – The Residential, Corporate, [and] Institutional Community”. For over 60 years, Roosey Roads was home to thousands of military personnel, dependents and on-station civilian staff. Over the years, the base was continuously improved in order to fulfill its many requisite military tasks and support functions. Today, a majority of these improvements remain in place including but not limited to the following:
History of Roosevelt Roads
In the year 1919, then Assistant Secretary of the Navy and future President Franklin D. Roosevelt toured Puerto Rico and expressed a strong liking and desire to capitalize on the intrinsic splendor of what would become Naval Station Roosevelt Roads.. The combination of a natural harbor with deep waters, miles of unspoiled coastline, beaches and bluffs, dramatic rain forest mountain ranges and landscapes, and an expanse of raw land and lush vegetation confirmed for FDR the inherent beauty and value of the property. With endless views of the South Caribbean Sea from nearly all vantage points, it’s an anomaly that FDR was the first to realize this property’s potential. In operation for nearly 60 years, Naval Station Roosevelt Roads was one of the largest Naval facilities in the world, encompassing more than 100 miles of paved roads and more than 30 tenant commands. Its 1,300 buildings were home to more than 7,000 personnel, servicing the Navy’s air command. Giving way to the changing needs of the Navy as well as the people of Puerto Rico and Vieques, in late September 2003, the U.S. Congress deemed the Property to be surplus and directed the Secretary of the Navy to close the Property in accordance with BRAC related dispositions. The closure directive was signed into law with the Fiscal Year 2004 Defense Appropriations Act and Roosevelt Roads officially ceased military operations on March 31, 2004. Today, the final disposal plans for the remainder of the approximate 8,650-acre former Naval Station Roosevelt Roads is being carried out by the Department of Navy Base Realignment and Closure Program Management Office Southeast on behalf of the United States Government. The Promise of Puerto Rico
When most people think of Puerto Rico, they ponder the island’s rich Latin history and culture, imagine the turquoise blue waters teaming with colorful marine life, white sand beaches that stretch for miles, lush green rain forests with tropical flora, and the many destination resorts that can rescue them from their everyday working lives…and in all of these respects they are right! Today, Puerto Rico offers a business climate second to none. Many companies benefit from the Commonwealth’s abundance of facilities, favorable pro-business environment, and a bilingual workforce that is loyal and capable of maintaining demandingly high-quality standards. The government of the Commonwealth of Puerto Rico is supportive of pro-business offerings, including potential incentives that may include cash grants, tax credits and venture capital initiatives, making Puerto Rico an ideal place for expanding your operations. As one of the fastest growing high-tech industrial development centers in the world, the Commonwealth’s direct duty-free and quota-free access to US markets, strong supply of highly skilled and educated labor, worldwide transportation and communications network, and high capacity infrastructure, transportation, utilities, communications and financial systems provide the ideal environment for industries to flourish. More, Puerto Rico offers a unique value proposition to entrepreneurs and established companies. In Puerto Rico a company can enjoy the benefits and protections of operating within a U.S. jurisdiction with the added tax benefits of operating as a foreign corporation. Numerous businesses have come to Puerto Rico to get their share of the success- pie, and now many broad industries including pharmaceuticals, electronics, textiles, petrochemicals, processed foods, clothing and textiles have a strong presence in the Commonwealth. Tourism has traditionally been an important source of income for the Commonwealth, with estimated arrivals of nearly 3.4 million tourists in 2004, and at 7% of the Island’s GNP, the tourism industry employees over 60,000 people. The Pharmaceutical Industry’s roots are firmly grounded and some of the world’s most successful companies have established themselves in Puerto Rico accordingly. The pharmaceutical industry generates over 30,000 direct jobs in Puerto Rico. This represents over 26% of the work force generated in the manufacturing sector (approximately 120,000 jobs). Also, it provides a major market for other industries, such as small business and professional organizations that provide ample goods and services in areas such as manufacturing components, food services, engineering, medical, legal and banking services, insurance, transportation, communication, tourism and others. These related businesses generate approximately 96,000 additional jobs in Puerto Rico. The pharmaceutical industry represents 26% of the Commonwealth’s Gross Domestic Product. The impact of the pharmaceutical industry on the local economy is also evident through its payroll. Currently, the average wage among production workers it’s among the highest salaries paid in Puerto Rico. In 2004, Puerto Rico exports in the pharmaceutical industry reached $35.2 billion or 64% of all of Puerto Rico’s exports. Just a short flight from the North, South, and Central America, Puerto Rico’s warm Caribbean location and its dynamic economy with its receptiveness to new business opportunities makes Puerto Rico a natural place to consider your real estate investment and development dreams.
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Roosevelt Roads 2-Page Brochure Roosevelt Roads “INVITATION FOR BIDS” (IFB) |
