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CRA approves second amendment to covenants for 150 S. Baylen Street, grants 61-day construction extension with penalty
3196934 · April 7, 2025
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Summary
The CRA approved a second amendment to the redevelopment covenants for 150 South Baylen Street, authorizing a 61-day extension to the construction commencement deadline subject to a financial penalty and ongoing liquidated damages until milestones are met.
The Community Redevelopment Agency approved Amendment No. 2 to the covenants for the redevelopment of 150 South Baylen Street, including terms to negotiate and grant a sixth extension of the construction commencement deadline.
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