It’s been in the works for more than a year, but a proposed “cannabis campus” is taking shape now that the principals have closed escrow on the former South Yuba Club property in Nevada City.
The two buildings in the 500 block of Searls Avenue, which have been vacant since the health club facility closed in November 2017, will house up to six businesses and will join Elevation 2477′, the county’s first medical marijuana dispensary, to flesh out a “cutting-edge multi-tenant cannabis campus,” said project manager Maria Herrera.
The 2.29-acre parcel in the Seven Hills district was purchased by a group of investors and will be managed by Lab Properties, an affiliate of SBMI Group. Those investors last year also acquired the adjacent property where Elevation 2477′ opened in August.
“Our vision is for a vibrant, multi-tenant ecosystem that will transform what was once a blighted property into an innovative, state-of-the-art facility that will empower the local cannabis industry to transition into the regulated marketplace,” said Lab Properties co-founder Daniel Shkolnik in a prepared statement. “This project will put Nevada County heritage cannabis businesses on the map while becoming an important change agent for the community at large.”
The two buildings total 17,210 square feet and each will be divided into a maximum of three units each, Herrera said. Both will require substantial renovation and retrofitting to, among other issues, upgrade the electrical and HVAC systems and become ADA-compliant, she added. The building design is being handled by Richard Baker of Siteline Architecture, who did the work for Elevation 2477′, in order to keep the same look and feel throughout the campus.
According to Herrera, one reason it took so long to finalize escrow was that the principals wanted to make sure that if permit applicants were in compliance, they