| In an incredibly rare and extraordinary revitalization opportunity in the Caribbean, the Department of the Navy is selling approximately 2,900 acres within the total 8,650-acre former Naval Station Roosevelt Roads. There is NO similarly featured property available for sale anywhere on the U.S. eastern seaboard or in the Caribbean that boasts such an awesome amount of coast line (21+ miles), naturally protected deep-water ports, “twin peninsulas,” or other naturally occurring incomparable features and amenities. From lush mountains to dramatic oceanfront cliffs to soft beaches, this truly is an unmatched prospect in a breathtaking location.Since the Property itself is so dynamic, the land for sale has been divided into three different parcels. Each will be sold independently of the other. All three sale parcels have their own distinct characteristics and potential future uses. A vision for reuse of the properties has been created by the Commonwealth through Portal del Futuro. Portal del Futuro is the recognized NSRR Local Redevelopment Authority established by the Department of Economic Development and Commerce.
Parcel I - Bundy, is the largest of the three covering almost 1,504 acres and possessing a wide array of potential reuses. Such development includes but is not limited to moderate lodging and residential, mixed use, university related, a public school, a recreational golf course, industrial storage and warehouse facilities bordering the airfield, and conservation. Bundy, itself, is situated in the southwest region of the greater Naval Station Roosevelt Roads and extends north to the harbor. Parcel II - Capehart, is approximately 497 acres and potential reuses include but are not limited to residential, with ancillary uses to include the reuse of the high school and gymnasium. Although it is the smallest of the parcels, Capehart anchors the southern entrance to the harbor. Parcel III - Forrestal, is approximately 895 acres and potential reuses include but are not limited to industrial warehouse and storage, the revitalization of the Port, the development of a Science Park and Conference Center, and conservation and preservation of protected lands. Spanning the northern and eastern borders, Forrestal is also home to the airfield.Other potential development opportunities outlined in the “Naval Station Roosevelt Roads Reuse Plan - December, 2004, include the following:
Roosevelt Roads contains all necessary infrastructure, which has allowed Roosey Roads to operate autonomously for over 60 years. Such infrastructure includes:
The wealth of potential development opportunities at Roosevelt Roads is so significant that it can stretch even the most creative imagination. The Property has so many unique and desirable natural and manmade characteristics, and it is precisely these characteristics that will summon the world’s greatest development minds and as a result will bring the local citizenry numerous opportunities for economic recovery and long-term prosperity. This revitalization and resultant success of development projects at Roosey Roads will unquestionably also accrue to the benefit of the entirety of Puerto Rico as well as non-citizens who will live and/or visit the Property in the future. 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 disposal plans of the approximate 8,650-acre former NSRR is being carried out by the Department of Navy Base Realignment and Closure Program Management Office on behalf of the United States Government. With the closure, plans have been made to dispose of Roosevelt Roads via many transfer mechanisms to include: (1) Public Sale, (2) Public Benefit Conveyance, (3) Economic Development Conveyance, (4) Conservation Conveyances and (5) other federal and local governmental transfers. 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! But beyond the romantic side of Puerto Rico, the Commonwealth has pioneered a new economic future that has transformed the island from a tourist getaway into a booming and diverse economy, rich with opportunities for business development. 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. In addition, the proximity and accessibility of Puerto Rico not only to the USA but to Latin America and the rest of the Caribbean, makes it an ideal strategic location for export and trans-shipment operations. As a result, a company’s ability to capitalize on corporate profitability ratios can exceed those on the US mainland. 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. There are 18 corporations organized in 38 manufacturing operations with 15 commercial entities and 5 corporate offices, all represented in the “Pharmaceutical Industry Association -Puerto Rico” led by a twelve-member executive committee with 13 permanent committees and various ad-hoc committees. 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 development dreams. Together, the Commonwealth of Puerto Rico and the land development opportunity at Roosevelt Roads, make up a rare opportunity that will be just too good to pass up!
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Detailed Parcel Exhibit for All Sale Parcels Detailed Parcel Exhibit for Sale Parcel I Detailed Parcel Exhibit for Sale Parcel II |
