It is very interesting real estate math that is being used here, as well. The building is now listed at 82,000 sq. ft.- up from 61,000 sq. ft. They have now included the unfinished basement garage in the square footage. This is very interesting. When you sell your home, you do not include your garage in the square footage. Improvements could be made to make this floor space, but I find this very misleading. Also, this would cut down on the number of parking spaces that could be provided... which is already too few.
Also, the land is listed at 2 acres BUT 1 acre of this is a tri-level LEASED parking structure that is shared with SRMC. I'm very curious how this building comes close to meeting many of the demands that were set in the RFP.
Read the RS article here:
http://www.redding.com/news/2009/may/31/redding-council-will-consider-six-buildings-as/
Read the staff report for the meeting here:
http://weblink.ci.redding.ca.us/weblink7/docview2.aspx?id=64013
Hi Erin!
ReplyDeleteSo is the potential for the police station to move to the West Venture building behind us? I am so glad you could follow the situation and keep us informed.
In the summer, my husband said Caltrans was looking at the building quite seriously, but I think the parking situation scared them away in the end.
The owner of that building should become increasingly desperate to find a tenant and there will be more traffic on Continental with the potential use of that building and the new one being built on the other side of the freeway.
Hope you can continue to help the GTS informed about these things.
Thanks!
Monique Gaido