POLA Harbor Commission Unanimously Approves Amendment to AltaSea’s Lease, Paving the Way for Transformational Redevelopment at AltaSea Campus

LOS ANGELES, Calif. (November 6, 2025) – AltaSea at the Port of Los Angeles announced today that the Los Angeles Board of Harbor Commissioners unanimously approved an amendment to its lease, a vital step forward in ensuring the continued redevelopment of AltaSea’s 35-acre campus. The amendment unlocks critical infrastructure, as well as reimbursements from the Port of Los Angeles, in the continued transformation into the world’s leading destination for the blue economy. This is the seventh amendment to AltaSea’s lease, which was originally approved in 2017.

The amendment now goes to the Los Angeles City Council for final approval.

The amendment paves the way for critical upgrades and new investments across the AltaSea campus, including the redevelopment of 46,500 square foot Warehouse 57, which will undergo seismic, electrical, and fire/life safety improvements, along with the installation of renewable energy systems.

The unanimous approval by the Harbor Commission is a vote of confidence in AltaSea’s vision and mission for the future of the LA Waterfront,” said AltaSea President & CEO Terry Tamminen. “This will allow us to modernize our facilities, expand our clean energy infrastructure, and create new jobs and opportunities. We are grateful to the executive staff at the Port of Los Angeles, the Harbor Commission, Mayor Karen Bass, and Councilman Tim McOsker for their leadership in supporting the growth of the blue economy.

Key elements of Amendment 7 include:

• Redevelopment of Warehouse 57 (46,500 sq. ft.), including seismic, electrical, and fire/life safety upgrades, along with the installation of renewable energy systems.
• Up to $12 million in Port reimbursement for tenant improvements, environmental remediation, and redevelopment costs across berths 57-60.
• Strong compliance measures, including prevailing wages, competitive bidding, and transparent reporting.

The Harbor Commission’s approval keeps AltaSea’s progress on track. The upgrades to Warehouse 57 will improve safety, modernize the building, and help bring the facility into full use. The City’s reimbursement plan will help fund construction while maintaining strong oversight through open bidding and progress reporting. Further, it strengthens AltaSea’s role as a working part of the Port of Los Angeles and a center for jobs, education, and innovation.

Located at the Port of Los Angeles, AltaSea is a 35-acre campus that brings together science, business, and education to accelerate ocean-based solutions. As the largest blue economy innovation hub in the world, AltaSea provides state-of-the-art facilities for marine research, regenerative aquaculture, renewable energy, and emerging ocean technologies – while serving as a vital bridge to workforce development and community engagement.