06/13/2026
This week, the Rotary Club of Benicia welcomed Michael Ghielmetti and Jonathan Fearn of Signature Development Group, who shared an overview of the potential redevelopment of the Valero property.
Possible plans could include up to 3,500 new homes, 3 million square feet of industrial space, 600,000 square feet of retail development, major infrastructure improvements, and phased development over time. The speakers also explained the extensive planning and approval process required before any project can move forward.
While the future of the property is still taking shape, the goals include creating jobs, generating tax revenue, and providing long-term benefits for the community.
Thank you to Michael and Jonathan for an informative presentation on one of the most significant opportunities facing Benicia's future.