Scoop: Both Weaver Auto buildings in escrow — a real-estate bright spot

fullIn a sign of resurgence in real estate, both the back and front building of the former Weaver Truck and Auto building are in escrow, according to real-estate sources.

The back building is being sold to an auto body repair shop that is relocating from within the area, sources said. Escrow is expected to close this summer on both sites once certain contingencies are met.

The status of the sale at 400 Idaho-Maryland Road — in a highly visible location off of Highway 49 — had been closely held, but word is starting to leak out.

The vacated building with browned shrubbery — once a brand new auto showroom (and needed source of sales tax receipts) — has come to symbolize the area’s deep economic slump, so closing the deals will be a step forward.

The 30,000-foot site was divided into two separate parcels to hasten a sale: the larger service building in back and the showroom in front.

It comes as focus groups are meeting to discuss a recent real estate survey in Grass Valley — a process that is expected to lead to big-box retail on the south border of Grass Valley.

So far, downtown merchants have not spoken out against the big-box development. This has been an issue with previous projects, such as the original version of the Loma Rica housing project, which had a small retail element.

A recent hike in the Grass Valley sales tax receipts should be a boon to the city’s coffers, but that is contingent on increased sales. It is by no means an automatic panacea — a reminder of the long “row to hoe” when it comes to economic development in our area, long dependent on the boom-and-bust cycles of real estate and construction.

My longtime thoughts: We need to tout our unique attributes, such as our cute historic downtowns and marvelous outdoor activities; we need much more economic diversity, and we need to become much less insular politically. Will it happen? I’m not very optimistic, but I’ll keep an open mind.

Author: jeffpelline

Jeff Pelline is a veteran editor and award-winning journalist - in print and online. He is publisher of Sierra FoodWineArt magazine and its website SierraCulture.com. Jeff covered business and technology for The San Francisco Chronicle for 12 years, and he was a founding editor and Editor of CNET News for eight years, among other positions. Jeff has a bachelor's degree from UC Berkeley and a master's from Northwestern University. His hobbies include sailing, swimming, and trout fishing in the Sierra.

7 thoughts on “Scoop: Both Weaver Auto buildings in escrow — a real-estate bright spot”

  1. Good Morning Jeff,
    Your last paragraph is very accurate. The powers- to -be seemed to have lost the wonderful foresight of our past leaders. I am not sure about Grass Valley , this is definitely true in Nevada City. There seems to be a need to Citify our community. Hide our mining past and remodel our buildings,No! No! This is what tourist come to view. The person who wrote our Ordinance Book of 1987 said ” Up to 20 years from this date the City will not have many worries but after that Citizens and Leaders changed and so does their attitude toward the City and it’s past.. Their passion is not the same about the past and will forget history is what forged the Future.
    The Boardwalk is an example. The proponents always used large cities as prototypes with many wide street and sidewalks not examples of Cities of this size with a max of 2 blocks of shops . The theory is correct but reality is more correct with problems that were never thought out similar to the Hirshman’s Pond trail.

  2. The “mining past” is not the only history of Nevada County.
    I agree that structures like the cone made of mill ends at the gateway to our town distort the reality of what happened to the Nisenan in these foothills.
    It’s not a proud history, but a fascinating one.
    But then, as the saying goes, history is written by the winners.

    1. Hi Judith,
      I agree with you as you well know and the Nisenan will forge ahead . The Tribe has accomplished so much recently. They eventually may become the new winners.
      My best,

  3. It will be interesting to see what retail goes in off the new Doresy interchange now that the large parcel on the SE side will be opened up to the freeway access. Wonder who owes it.

    1. I’m sure it’s part of the retail game plan in GV, along with the south border location. Is it Gallelli?

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