RBUSD awards Knob Hill bid
The proposed assisted living facility, The Kensington of Redondo Beach. The Redondo Beach Unified School District Board of Education on Tuesday night awarded a bid to lease its property at 320 Knob Hill to Fountain Square Development West, a developer and operator of assisted living communities for senior citizens. The school board voted unanimously to award the bid to Fountain Square, whose offer of $614,250 annually far outstripped the only other written bid submitted. Via Almar Properties, who proposed building a boutique hotel, submitted an offer equal to the minimum bid requirement of $450,000 annually. The property, the former Patterson School site, was previously rented by the City of Redondo Beach for $302,000 annually and is temporarily leased presently to an LA County Special Education office (SELPA) for $150,000. Fountain Square’s proposed development, which would be called The Kensington of Redondo Beach, includes 92 assisted living suites housing approximately 130 residents in a single, two-story 74,000 sq. ft. Spanish Colonial designed building. “It is our first blush of what we would propose,” said Daniel Gorham, a Fountain Square partner who made a presentation to…
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