The Daughtrey’s building has not been sold.
The Alameda County Community Development Agency has completed negotiations with David Greensfelder for a development agreement for the Daughtrey’s building on Castro Valley Boulevard. The agreement will now go before the Alameda County Board of Supervisors for review and approval on June 24, 2014, according to Eileen Dalton of the Alameda County Community Development Agency.
The proposed sale price in the agreement is $860,000. The building was purchased by the former Alameda County Redevelopment paid $2.7 million for the building in 2011.
The sale can only be complete when the status of the property is finalized through the redevelopment dissolution process and when Mr. Greensfelder is able to demonstrate that he has fulfilled certain conditions within the agreement.
Over the next few days, Castro Valley Matters will review and report on the details found within the 146 Development Agreement. Stay tuned.