Demolished: Lab Properties deconstructs two interior buildings of cannabis campus in Nevada City
The buildings have been carved out. The walls barren.
Skeletal outlines mark the infrastructure of 555 and 545 Searls Avenue in Nevada City, allowing an echo within the enclosed, cavernous spaces of the Searls Cannabis Campus.
There are six total units open for potential tenants at the cannabis campus, said Maria Herrera, property manager of Lab Properties. Those slots could be filled by up to six tenants. Some of them will likely be renters in one of the two buildings within weeks, said Herrera.
“Being able to show the place in this (blank slate) state gives potential tenants a blank state for them to start dreaming up what their units will look like inside,” said Herrera.
Lab Properties has been in discussion with several potential tenants, including individuals with manufacturing and processing companies, said Herrera. On Friday, the real estate company hosted a barbecue to celebrate the end of demolishing two interior buildings, which make up a significant part of the cannabis campus.
“What I wanted was to be able bring all the different groups together, from the developer, the architects, the engineers, potential tenants, to say, ‘Hey, share this vision with us,’” said Herrera.
Herrera said Lab Properties is engaging companies in the community to help reconstruct the two buildings, and is also encouraging them to work with potential tenants.
“All of our contractors are local – as local as they get,” she said. “The people who are going to do the dry wall, the painting, electrical, the sewer lines, everyone that we’re using.”
Herrera hopes the buildings are appraised at a higher value at the conclusion of the project in October.
“That (increased value) means additional tax revenue for the city,” she said.
Lab Properties bought 569 Searls in July of 2017, in addition to 555 and 545 Searls in November of 2018, said Daniel Shkolnik. The co-founder of Lab Properties has been vetting prospects, digging into their values, financial history, relation to the community and why they want to transition to the cannabis campus.
“We’re betting on their success,” he said.
Richard Baker, owner of, and designer at, Siteline Architecture, has been working with Lab Properties to ensure the campus is sound and up to regulatory codes.
“Because of the change of use, we’re compelled to bring the properties up to 100 percent compliance (with the American Disabilities Act).”
The firm has been setting up regular meetings with the public safety officials to make sure the buildings are safe and protected, said Baker.
“Our goal is to be a good partner with the fire department and police department,” he said.
Contact Sam Corey at 530-477-4219 or at firstname.lastname@example.org.
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