Originally developed as a Tradewell Market in 1957, the siteholds an 18,000-sf building that has been master leased andoperated as a sort of bazaar. "There are a lot of people insideselling things," HAL president Dana Behar tells GlobeSt.com. Thelocal farmer's market operates in the parking lot.

The lease for the building runs into February 2008. Behar saysit will take a couple of years before the site is entitled for theresidential-over-retail building he is planning for the site. Untilthen, he plans to let the farmer's market use the property rentfree.

"I grew up in that neighborhood; I remember shopping there,"says Behar, who is planning to assist the farmer's market infinding an alternate location. I still come regularly with myfamily to go to restaurants and the Farmers' Market. I see this asthe next Fremont."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.