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<\/p>\nBlue Diamond Growers says it has reached an agreement to redevelop part of the company’s Sacramento property into a mixed-use community.<\/p>\n
The company and Bardis & Miry Development released a joint statement Tuesday announcing the agreement, which involves 35 acres of Blue Diamond’s Midtown campus.<\/p>\n
Bardis & Miry, a Sacramento-based developer, says the project is expected to include 1,000 to 2,000 homes, along with ground-floor retail.<\/p>\n
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The Blue Diamond facility in Sacramento.<\/p>\n
“The Blue Diamond plant site has been a part of Sacramento for over a century, and we are grateful for the opportunity to build on that legacy in a way that will serve the community for many years to come,” Katherine Bardis of Bardis & Miry said in a statement.<\/p>\n
Blue Diamond previously announced plans to shutter its 16th and C streets campus, impacting about 600 workers. However, the company later announced that it would continue some almond processing at the site<\/a> for the time being.<\/p>\n Part of the agreement announced Tuesday includes a three-year leaseback at the site, allowing Blue Diamond’s corporate headquarters to continue operating there through April 2030.<\/p>\n Sacramento Mayor Kevin McCarty and Councilmember Phil Pluckebaum welcomed the agreement.<\/p>\n “We look forward to seeing thousands of new residential units over the next decade,” McCarty and Pluckebaum said in a joint statement.<\/p>\n The Blue Diamond campus includes a building that was added to the National Register of Historic Places in 1984.<\/p>\n \n More from CBS News\n <\/p>\n