Tag archive

multipurpose development

Newport Beach developer seeking to buy Sonoma County’s Chanate Road property quiet about development plans

in Business
A guard with Securitas checks on the old entrance to Community Hospital on Chanate Road, Monday, Oct. 12, 2020 in Santa Rosa. (Kent Porter / The Press Democrat) 2020

The Southern California company at the center of Sonoma County’s latest effort to sell its former hospital site along Chanate Road specializes in multipurpose development, and brings a group of real estate heavy hitters with a track record of major builds.

Sonoma County supervisors on Oct. 13 selected Newport Beach-based Village Partners’ $7.8 million bid to buy the county’s 72-acre Chanate Road property, setting in motion a 60-day period to review the details. Barring unforeseen circumstances, both sides have circled Dec. 31 as the date to close the deal for the property to finally change ownership.

However, for a county that has faltered amid negotiations to offload the property to three previous potential buyers, the deal seems far from done, especially, some local leaders said, given Village Partners’ unfamiliarity with the problematic property.

Continue Reading on Press Democrat

Go to Top