UPDATED: These downtown Redding properties have sold since 2017. Who owns them?
Since 2017, at least 16 downtown Redding properties have sold as interest in the city’s old core grows.
Commercial realtor Justin Nelson, who’s been selling real estate in Shasta County since 2004, the last five as a commercial agent, said downtown is primed to experience the revival people have hoped to see for decades.
“It’s nice to see the development, it’s nice to see the big buildings and the new energy going on,” said Nelson, of Coldwell Banker Commercial C&C Properties in Redding. “There’s definitely a net positive.”
But Nelson is anxious to see if retail business follows the apartments, especially the affordable units, that have been built or are under construction.
“It’s a little bit of an experiment and hopefully it works out well,” he said.
In late May, a Redding tech company announced it is moving downtown — across from the new Riverfront Playhouse — into a building purchased in March by pair of local businessmen who have invested more than $3 million on downtown real estate since 2018.
Bethel Music is moving its headquarters downtown.
“I think it’s going to be exciting to watch in the next year or two, do we move from mom and pop business downtown or national retailers?” former Redding Mayor and downtown developer Brent Weaver said. “I see a future of downtown where it’s got a mix of both and I think that will be exciting one day.”
Here's a rundown of some of the more noteworthy properties that have sold since 2017. There have been other high-profile downtown properties purchased over the last decade, like the former Dicker's department store and old Greyhound bus depot, but those transactions happened prior to 2017.
Purchase prices are based on the recorded Shasta County property deed for the address.
Americana Modern Hotel
Local developer Jamie Lynn purchased the shuttered Americana Lodge in late 2017 for $225,000.
He then partnered with former Redding mayor and developer Brent Weaver to refurbish the two-story, dilapidated 1960s-era motel into the Americana Modern Hotel. It opened in May 2019.
Last July, Lynn and Weaver sold the revived hotel to Mamba Hospitality LLC for $2.8 million.
Alex Patel, of Mamba Hospitality, also owns the Travel Inn in downtown Redding.
Downtown Collection buildings
Eric Hiatt and Luke Miner, of Downtown Collection LLC, started buying property downtown in 2018 when they purchased the old Graphic Emporium building at 1525 Pine St. for $364,000.
A year later, they bought the former Salvation Army thrift shop at Pine and Yuba streets for $975,000. The building soon will be home to Bethel Music.
Most recently, Downtown Collection purchased the building at the corner of Waldon and Gold streets for $1.8 million and are redeveloping it into the new headquarters for Sof-Tek, which plans to move from its north Redding location. Sof-Tek has 40 employees and expects to add 20 more within the next 18 months.
Also last year, Hiatt and Miner purchased the building on the southeast corner of Market and Tehama streets, which houses Plant Daddy, Sandwichery and Ryan Russell’s RAD Studio. Russell also owns the building with Hiatt and Miner.
Miner is on the Redding Planning Commission and is a Shasta Angels board member. Shasta Angels is a group of investors that has helped fund startup companies. It has invested more than $2 million into 15 companies, according to its website.
Hiatt is a Redding native with a mortgage lending background and is executive director of Shasta Angels.
Market Street Manor
The dilapidated motel that the Shasta County District Attorney’s Office in November 2018 filed a civil lawsuit against the previous owner, sold last December for $1.6 million to a former lawyer in Southern California.
Jon Divens said his vision for the property is to tear down the motel and either build a new hotel, condominiums or town homes.
But he told a Record Searchlight reporter recently he doesn’t know if his plans will “pan out.”
The lawsuit filed by the DA’s office alleged “rampant criminal activity, drug and prostitution” activity at the motel.
Divens said he was aware of some of the problems before he bought the property and is working with the city to clean it up.
Redding Code Enforcement Supervisor Steve Willkomm said Divens has been cooperating with the city to bring the property up to code.
In September 2019, a final judgment was issued on the DA’s lawsuit that included several compliance measures.
Senior Deputy District Attorney Anand "Lucky" Jesrani said the compliance measures don’t go away with the recent sale.
Kirkorian Development's block
In the spring of 2020, Kirkorian Development QOZ LLC, a group of San Francisco Bay Area investors, bought an entire block downtown that once was occupied by the Redding Inn, Darkside and Computer Logistics. The group paid a combined $1.98 million for the properties.
They tore down the Redding Inn and Darkside and have refurbished the Computer Logistics building into office space that is for lease.
Kirkorian Development hasn't announced plans for the former Redding Inn and Darkside sites, though the group has suggested it will be some type of mixed-use development.
Old California Street parking garage
The Redding City Council approved the purchase of the California Street parking structure to Block 7 Land Acquisition Company for $120,000 on Sept. 30, 2019.
Block 7 Land Acquisition is a partnership between the McConnell Foundation and K2 Development.
McConnell and K2 have partnered with the city on the $111 million Block 7 project, which is a mixed-used development of apartments, office space and commercial space, and Shasta College programs.
Work on a new, six-story parking structure started late last year and is expected to be finished by the fall of 2021.
Construction of 78 affordable apartments in three buildings has started. The one- and two-bedroom units will range from 680 square feet to 880 square feet. They are expected to be ready for occupancy by fall 2022.
Meanwhile, work on the five-story North Tower at the corner of California and Tehama streets is expected to start in the early summer and be completed by winter 2022.
Former Oregon Street Antique Mall
Joel Taylor, CEO of Bethel Music, and partners purchased the building at the corner of Oregon and Shasta streets for $1.75 million in April 2019.
Woody's Brewing Co. anchors the large building and is going nowhere. Redding Veterans of Foreign Wars Post 1934 also occupies a portion of the building.
But Taylor and his partners haven’t decided what their plans are for the balance of the building.
Soon after buying the building, Taylor told the Record Searchlight that he envisions an indoor marketplace like the ones he’s seen in Napa and Bend, Oregon.
Former Clearie’s Restaurant building
Closed last spring due to the COVID-19 pandemic, Clearie’s Restaurant never reopened.
Leon Draper of Jackson bought the building from longtime owner Bob Meissner for $800,000 in April.
Draper has not announced what his plans are for the former restaurant.
Former Bell Rooms property
The McConnell Foundation purchased the Bell Rooms from the Redding Area Bus Authority for $370,045 in late 2018.
Work started this spring there on Bell Plaza, a bike depot, café and outdoor courtyard on the southwest corner of California and Shasta streets
Bell Plaza sits on the former Bell Rooms brothel property. The two-story Bell Room Transient boarding house was built in 1908 and found itself situated in Redding's red-light district near the railroad tracks.
Former Redding police station
In 2018, the McConnell Foundation bought the old Redding police headquarters on California Street from the city for $685,000.
The dilapidated building was demolished and a portion of the property is open to public parking, while the rest of the site is home to the California Street Labs, a community gathering place that is operated by the nonprofit Shasta Living Streets.
Former Canteca Foods property
Jamie Lynn, who has invested heavily in the downtown, bought the vacant lot on Oregon Street in October 2017 for $120,000. Canteca Foods burned down in 2012.
Lynn will again partner with Brent Weaver on a mixed-use project, multi-story project that will feature office space and apartments.
Construction on the building has not started.
Former Yannello Motors car lot
In May, Yannello Motors moved from its original location at 1094 Market St., next to Hinkle’s Market, to the corner of Gold and Market streets.
Hinkle’s owner Kuldip Sidhu bought the former Yannello’s property in February for $150,000.
Sidhu told the Record Searchlight recently he plans to build a gas station on the former used car lot.
David Benda covers business, development and anything else that comes up for the USA TODAY Network in Redding. He also writes the weekly "Buzz on the Street" column. He’s part of a team of dedicated reporters that investigate wrongdoing, cover breaking news and tell other stories about your community. Reach him on Twitter @DavidBenda_RS or by phone at 1-530-225-8219. To support and sustain this work, please subscribe today.