Historic Building Opportunity

Posted by City of Watsonville, CA

Map
Satellite

Development Site

Development Opportunity

Size

0.93 acres

Ownership

Privately Owned

Availability

For Sale
Downtown watsonville 20 small
Downtown watsonville 19 small
Downtown watsonville 21 small

Site Description

Two beautiful buildings (two owners), one of which was built by William Weeks and housed his office, adjacent to Watsonville's beautiful historic Downtown Plaza. The City is looking for a developer to assemble these parcels and create a live-work development inside the existing buildings.

Local Description

We recently heard from the owners of both buildings that they are interested in selling. We would like to facilitate a relationship with a developer experienced at rehabilitating and converting historic buildings. Both buildings are structurally sound and have undergone seismic retrofitting. We believe that these properties could have some beautiful apartments upstairs and quality retail below. The building with the mansard roof and colonnade has unused flats upstairs and could be a wonderful restaurant. Demand for housing is high with urban housing near services going for as much as $3 a foot in Santa Cruz County. The City is making substantial investments in its Downtown.

Planning & Policy Documents / Request for Proposals (RFP)

Login to View

Technical/Environmental Studies

Login to View

Financial/Economic Reports

Login to View

General/Comprehensive Plan Designation

Login to view

Master Plan/Specific Plan

Request

Zoning Designation

Login to view

Height Limits

Request

Floor to Area Ratio (FAR)

Request

Dwelling Units per Acre

Request

Parking Requirement

Login to view

Other Requirement

Request

Other Completed Agency Approvals

Should not be required

Environmental Approval / Status

Should not be required

Zoned for Preferred Outcomes

Mixed use is allowed by right in Downtown

Political Support

Community Support

Fast Track Approval

City will expedite all plan checks

Other Incentives

We will work with a developer to create appropriate incentives once a project is defined.

Costs

Request

Infrastructure

All infrastructure is in place

Transportation

City is revising downtown circulation

Private Investment

Neighboring owner is creating 25 new units adjacent and is reconfiguring old department store for new users.

Local Development Trends & Market Indicators

Residential demand is very high and demand for urban housing choices among millenials is high.
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3a%7bfh%60ffrcfvrrl%40c%40jalba%40b%40u%40kasta%40ka%3f%3frrl%40c%40jalba%40b%40u%40kasta%40ka%3f%3frrl%40c%40jalba%40b%40u%40kasta%40ka&scale=1&size=100x100

420 Main St, Watsonville, CA 95076

0.52 acres (22823.49 sqft)
Owner
Pajaro
Details
APN: 017-491-04
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3aadh%60fxrcfvn%40u%40r%40hao%40v%40s%40ka%3f%3fn%40u%40r%40hao%40v%40s%40ka%3f%3fn%40u%40r%40hao%40v%40s%40ka&scale=1&size=100x100

406 Main St, Watsonville, CA 95076

0.4 acres (17597.43 sqft)
Owner
Pajaro
Details
APN: 017-022-27

Contact Kurt Overmeyer

Kurt, from City of Watsonville, has more details.

Created on November 12th, 2014 (last updated over 1 year ago)