Graybill Ventures is approximately 4 acres of property located in San Diego, CA. The Property is the former site of a bulk oil storage facility owned by Unocal Corporation. The Company acquired the property with the backing of a financial institution and assumed responsibility for the remediation of the property and obtained an Environmental Liability Policy and a Remediation Stop Loss Policy that provides financial assurance and protection to current and future owners as well as tenants.
The Company created value by managing the requisite environmental remediation, assisting in the development planning, and then selling the property to a commercial developer. Future development plans are for a multi-story retail/commercial development resulting in a vibrant new shopping area much needed in the expanding residential communities of Gas Lamp Quarter and East Village of downtown San Diego.