tag:blogger.com,1999:blog-7280277691673459003.post3838191979948042519..comments2023-06-16T08:50:11.916-07:00Comments on Stop and Move: Comment on newest GV Urban proposal James Sinclairhttp://www.blogger.com/profile/00948509061118072998noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7280277691673459003.post-70604715566415147962013-08-14T16:15:10.151-07:002013-08-14T16:15:10.151-07:00Have you been by recently? Has there been any chan...Have you been by recently? Has there been any change in construction? James Sinclairhttps://www.blogger.com/profile/00948509061118072998noreply@blogger.comtag:blogger.com,1999:blog-7280277691673459003.post-26513568593603264222013-08-14T12:56:44.590-07:002013-08-14T12:56:44.590-07:00I have always been fascinated by this property. Wh...I have always been fascinated by this property. When I read that Mr Assemi was the recent buyer of the old PG&E building (Theatre 3), with the intention of turning it into a commercial space for food and entertainment, I thought it was a great idea. Then I started reading the City of Fresno's reports to the City Council and the City of Fresno Cultural Arts Properties, Inc.(COFCAP)regarding the sell of this property to Mr Assemi. In the reports it explains the on-going rapid deterioration of the building from ramped theft of the copper wiring to a fire started by a make-shift interior homeless camp that resulted in scorched surfaces and major flooding in the basement. All in all, the property value was estimated at $177,000, but if you add the cost for major renovations - my guess is that the coast will be three times the amount for purchasing the property. I just hope that there are enough investors to work with Mr Assemi into turning this property into a sparkling jewel, like the Warnor's or the SJP building (The Grand).<br /><br />If anyone is interested as I was about the sell and condition of this historic building and what the terms of sale were between Mr Assemi and the City of Fresno, check out this link: http://www.fresno.gov/CouncilDocs/agenda4.11.2013/135.pdf<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7280277691673459003.post-39575505461517833912013-02-26T12:35:19.750-08:002013-02-26T12:35:19.750-08:00The thing about Shaw avenue rents.....is that judg...The thing about Shaw avenue rents.....is that judging by the high vacancies on shaw, people dont want to pay those rents for that location either. James Sinclairhttps://www.blogger.com/profile/00948509061118072998noreply@blogger.comtag:blogger.com,1999:blog-7280277691673459003.post-84654359112110758332013-02-26T08:45:16.654-08:002013-02-26T08:45:16.654-08:00Yes. They are also asking too much for all their c...Yes. They are also asking too much for all their commercial which is why Bizworks and the building they own at Belmont/Fulton sit nearly empty.<br />M Street is moving slowly to completion becuase they have liitle interest in commercial rentals in Downtown at Shaw Ave and north prices. What I have also learned is you may see them drop the pricing for all the commercial in the next six months.<br />James S<br />Fresno RebornAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7280277691673459003.post-79496895504155371252013-02-25T16:47:19.687-08:002013-02-25T16:47:19.687-08:00Thanks for the information. Whats worrisome about ...Thanks for the information. Whats worrisome about the retail is that theyve had no luck leasing the fulton village stuff because they refuse to allow alcohol with food service. James Sinclairhttps://www.blogger.com/profile/00948509061118072998noreply@blogger.comtag:blogger.com,1999:blog-7280277691673459003.post-29271373226371810432013-02-25T12:22:12.652-08:002013-02-25T12:22:12.652-08:00Some additional infor for you.
The office/retail s...Some additional infor for you.<br />The office/retail section is being done by Reza Assemi as well at the old Theatre 3 building. The office/retail component will be built using cargo container architecture.<br />Also, the city is still giving a little push back on this project. The city planning division wants the height to match at least the Met building but ideally fall some where between the Met and the AT&T brick building on the south end. Also the city wants to see the amount of units at least doubled from what Granville is now proposing (first they had propsed about 100 units, then 75 units, then 69 units and then as low as 55 units).<br /><br />James Sponsler<br />Fresno RebornAnonymousnoreply@blogger.com