Introduction to AltaSea
AltaSea at the Port of Los Angeles is welcoming an underwater robotics giant to its research and development hub.
AltaSea, which seeks to provide space to foster research and development for the so-called “blue economy,” opened its Center for Innovation at the Port of Los Angeles last year. Blue Robotics has signed a 10-year, 49,000-square-foot lease to bring its headquarters and production facility to AltaSea’s 35-acre campus, AltaSea announced in a statement.
The New Lease
To prepare for Blue Robotics’ landing, AltaSea will begin performing renovations on the new space early next year with a grand opening planned for the end of next year. “The move to AltaSea provides Blue Robotics with direct access to the ocean for testing and development of advanced marine robotics systems, as well as opportunities to collaborate with a dynamic community of innovative ocean technology companies at AltaSea,” AltaSea president and CEO Terry Tamminen said.
Current Tenants and Operations
Other tenants at AltaSea include Braid Theory, another marine robotics company; wave energy technology firm Eco Wave Power; and the California Department of Fish and Wildlife, which uses its lab to monitor and collect data on commercial fisheries. Blue Robotics will make full use of the 49,000 square feet with its research and development operations as well as assembly and production of its marine robotics products. With proximity to the ocean near one of the busiest container ports in North America, Blue Robotics employees will be able to dunk its products in the water for testing, demonstration, and development.
Impact and Significance
Los Angeles City Council member Tim McOsker, who formerly served as CEO of AltaSea, noted that “a nearly fifty-thousand-square-foot lease is significant anywhere and at any time.” The deal with Blue Robotics marks one of the largest single leases in AltaSea’s history. Blue Robotics’ forthcoming presence at AltaSea’s Center for Innovation brings occupancy at the site to 85 percent.
Recent Developments and Infrastructure
The move comes after the Port of Los Angeles’ Board of Harbor Commissioners unanimously approved an amendment to AltaSea’s own lease earlier this month. Those changes will help provide critical infrastructure at the site as well as provide reimbursements for the company from the Port of Los Angeles.
Conclusion
The signing of Blue Robotics to a 10-year lease at AltaSea marks a significant milestone for the "blue economy" hub at the Port of Los Angeles. With its new headquarters and production facility, Blue Robotics will be able to leverage the proximity to the ocean for testing and development of its marine robotics products, contributing to the growth and innovation of the sector.
FAQs
- Q: What is the size of the lease signed by Blue Robotics at AltaSea?
A: Blue Robotics has signed a 10-year, 49,000-square-foot lease. - Q: What are the benefits of the move to AltaSea for Blue Robotics?
A: The move provides Blue Robotics with direct access to the ocean for testing and development, as well as opportunities to collaborate with other innovative ocean technology companies. - Q: Who are some of the other tenants at AltaSea?
A: Other tenants include Braid Theory, Eco Wave Power, and the California Department of Fish and Wildlife. - Q: What is the significance of the lease deal for AltaSea?
A: The deal marks one of the largest single leases in AltaSea’s history and brings occupancy at the site to 85 percent. - Q: What recent development facilitated the move?
A: The Port of Los Angeles’ Board of Harbor Commissioners approved an amendment to AltaSea’s lease, providing critical infrastructure and reimbursements.
For more information on related topics, you can read the following articles:
AltaSea gets funds to develop 35-acre “blue economy” hub at Port of LA,
Seedbed for industrial sector: Port of LA seeks developer on new terminal plan,
Tariff strife heats up demand for bonded warehouses near LA ports.
