A storied San Jose farm that closed earlier this year has been sold in a multimillion-dollar all-cash deal to make way for residential homes, according to the Mercury News.
The 76-year-old Olivera Egg Ranch, which permanently closed at the end of March, reportedly sold to real estate developer Robson Homes in a $12 million all-cash deal, according to the Mercury News, which reviewed records filed at the Santa Clara County Clerk-Recorder’s Office on Sept. 16. Permits submitted to the city of San Jose in February show that Olivera Egg Ranch is slated for demolition to build 25 single-family homes.
It’s unclear when the development project is expected to begin. SFGATE reached out to Robson Homes for comment but did not hear back by publication. According to the Mercury News, Robson Homes struck a deal with Olivera Egg Ranch owner Edward Olivera Jr. to purchase the 2.7-acre farm at 3315 Sierra Road back in 2021…