Kaleene Kenning's October 3, 2009 article, "Furniture on the Outside," explains that the historic site was purchased by the Patels in 1964 for $400,000, but when the Redevelopment Agency came knocking, they wouldn't sell for less than $7 million. The Redevelopment Agency's $3.25 million offer was not accepted and an eminent domain action was filed. The owners were eventually awarded $4.6 million for the property.
Kenning reports that:
the historic site is slated to be demolished and replaced with low-cost housing units with stores at street level.
Brad Kuhn, Chair of Nossaman's Eminent Domain & Valuation Group, guides private and public sector clients through complex real estate development and infrastructure projects – particularly with eminent domain/inverse ...
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