The long (forever) vacant ground floor retail space at the Montage sold on Friday. The deeds haven’t populated on the Recorder’s site yet, but the price appears to be $700,000 based on the transfer tax paid.
The FLYER listed the retail spaces at 22,000 SF, so the price was just under $32/SF. That is raw land value.
The buyer is Commercial Montage LLC, a newly formed entity with Stacie Mathewson listed as a Manager. Stacie is best known for her Foundation and Transforming Youth Recovery. I guess that means no Ruth’s Chris Steakhouse.