News ReleaseCity of Roseville
Public Affairs & Communications Office
311 Vernon St.
Roseville, CA 95678
Phone: (916) 774-5362

9/1/2005

FOR IMMEDIATE RELEASE
PRESS RELEASE #05-63
Subject :

Roseville Mayor Helps to Demolish Building to Make Way
Contact :William Boyer, Public Information Officer    (916) 774-5201
    wboyer@roseville.ca.us
Roseville Mayor Gina Garbolino on Thursday helped demolition crews take the first bite out of an aging building on Vernon Street as part of a new public-private development project for Downtown Roseville.  

The $19 million project to build a mixed-use office building and parking structure represents the first large-scale, multimillion-dollar private investment in Downtown Roseville since current revitalization efforts began about five years ago. 

Garbolino was joined by other City officials and representatives from Kobra Properties/Vernon Street Associates, LLP and Roseville Arts! in a brief ceremony before the demolition began. 

The “Demolition Day” in Roseville helped to kick off the construction project for a five-level, 550-space public parking garage and a four-story, 56,000-square-foot commercial office building near the intersection of Vernon Street and Grant Street. 

The City-owned building at 405 Vernon Street was torn down to make way for the public-private project as part of the City’s ongoing downtown revitalization plans. 

The parking garage is a five level, four-story facility that is being financed through the City’s Redevelopment Agency.  It will be situated near the City’s Art Deco-style Tower Theater on the current Oak Street public parking lot.  When completed, the $7 million garage structure will increase the number of parking spaces from the old lot’s 160 spaces to 550, an increase of 390 spaces. 

A unique part of the parking structure project includes a 4,000-square-foot exhibit gallery for the Roseville Arts! organization on the ground floor. 

Kobra Properties/Vernon Street Associates, LLC will finance and build a privately owned, four-story, $12 million office building at the corner of Grant and Vernon Streets, adjacent to the parking garage.  The 56,000 square-foot building will provide mix-use opportunities with ground-level retail shops and office space above.





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