Hearing Set for City to Sell Property

Thursday, July 07, 2016 Written by 
Rate this item
(0 votes)

There was only one item on Tuesday’s council agenda—to set a date for a special hearing to approve a disposal and development agreement between the City of Inglewood and developer Thomas Safran and Associates.

 

A special hearing was set for Thursday, July 21 at 2pm.   The City of Inglewood is acting as the successor agency to the now-defunct Inglewood Redevelopment Agency.  The proposed disposition covers a total of six parcels totaling four acres at Florence and La Brea Avenue; 125, 139, 140 and 150 North Market Street, which were formerly owned by IRA, and a City property at 101 North Market Street.  

 

The City Successor Agency is required to sell the development parcels for a purchase price of $8.3 million.

 

Thomas Safran and Associates plan to use the land for mixed use development.

 

On July 2014, a Request for Qualifications (RFQ) was released to locate development teams for various projects.  Safran was among the top five ranked and pre-qualified teams.  On March 24, 2015, the City Council selected Thomas Safran and Associates as having the highest ranked Request for Proposal (RFP) response.  

 

Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.

View Print Edition

 

Calendar

No events

Latest Tweets

Could not authenticate you.

Signup For Our Newsletter!

Sign up here to recieve our e-newsletter!