2016-07-01 / Community
School sale finalized
Although the groundbreaking may still be at least two years away, as many as 50 new homes could be going up at the site of the former Belwood Elementary School campus in the 3000 block of Kadota Avenue.
Simi Valley school board members voted 4-1 Tuesday to finalize a $7.9-million sales agreement with Beverly Hills-based Hufsdar Investments Inc., which is owned by Conejo Constructors Corp. of Westlake Village. Debbie Sandland cast the dissenting vote.
The 11.7-acre property in eastern Simi Valley is ideal for developing single-family residences, with existing city codes allowing for up to 50 plots on the site, Richard Darling, president of Conejo Constructors, said in a phone interview this week.
“The Belwood property is logically a single-family subdivision,” he said.
He estimated it would take another two years before bulldozers begin work on the site.
Sandland said she couldn’t support the sale because she believes the district is better off holding on to its properties, which likely will go up in value in the future.
Originally, Newport Beachbased City Ventures/Quail Capital entered into a deal with SVUSD to buy the Belwood site, but that company terminated the agreement in April. School board members then approved the agreement with Hufsdar, the second-highest bidder for the property
— Hector Gonzalez