FAIRFIELD — Two real estate deals that could net the city more than $2 million were set in motion Tuesday.
The Fairfield City Council voted 4-0 in separate votes to start the process of selling two vacant lots, but several steps need to be completed before the deals are done. Councilman John Mraz did not attend Tuesday’s meeting.
The city is set to sell 2.67 acres at the corner of Nelson Road and Manuel Campos Parkway, across the street from Lowe’s Home Improvement. Roseview Investments would buy the property for $13 per square foot, which equates to $1.51 million. Roseview is described as a subsidiary of the Charles Company, a West Hollywood real estate development and investment partnership that specializes in commercial properties.
Jonathan Doty, vice president of Charles Company, couldn’t confirm any of the businesses that would occupy the space. He showed off several proposed layouts of the property after the meeting as well as a lengthy list of prospective occupants he is courting.
Some possibilities include a grocery store, a restaurant with a patio, a bank with a drive thru and a fast food drive thru. Karl Dumas, Senior Economic Development Project manager, said that only one fast food with a drive thru would be allowed on the lot.
Part of the deal hinges on the city removing 118 cubic yards of dirt from the site. Around 50 cubic yards remain to be moved, which will likely be completed in the spring during better weather, Dumas said.
“If the rains didn’t catch us, we probably could have finished,” Dumas told the council.
The city has not spent money on disposing of the dirt, Dumas said, because “dirt brokers” have been taking it off the city’s hands. Dumas said if the dirt isn’t removed, Roseview could be credited for the difference in the final deal.
The second property is a 1.27-acre lot on the 1800 block of North Texas Street, west of Big 5 Sporting Goods. The city will now enter a deal to sell the site to Meridian/Envision LLC to house a 10,000-square-foot dialysis center. The cost of the land is $650,000.
Originally the proposed site for a bus transfer center, the land was purchased in 1997 for $475,000, Dumas said.
Reach Danny Bernardini at 427-6935 or firstname.lastname@example.org. Follow him on Twitter at www.twitter.com/dbernardinidr.