One company buys the land, hammers out the details to get permits then sells it to someone else who may or may not build what was approved.
The property — which includes both 484 Cannery Row, which is Oceanside; and 501 Cannery Row, which is on the other side of the street — is just over 3 acres of land. On May 4, 2015, Altman Brothers, a luxury real estate agency based in Beverly Hills, put a listing online. Brittany Clark, with Altman Brothers, said the $20 million buy is already generating $400,000 annually for a parking lot on the 501 Cannery Row side of the street.
Ocean View Plaza On Cannery Row For Sale
The cannery that once stood there was a favorite place to play. Loaded with danger and excitement. And many easy access points.
The Ocean View Plaza on Cannery Row could not receive approval without securing a water supply. But the project now has its water after the California Coastal Commission voted 10-2 on Thursday to approve the project’s proposed desalination plant.
The plan calls for a replica of the San Xavier fish-reduction plant warehouse, a community park, renovation of the Stohans building, a history-oriented plaza and a bridge across the 400-500 block of Cannery Row.
The last un-redeveloped property on the ‘Row
Pave Our Waterfront – Ocean View Plaza Approved