Jane Crocker, F.K.A. Jane C. Jacobs, et al. - Page 6

                                        - 6 -                                         
          II.  Description of the Redwood City Fox                                    
               The Redwood City Fox is a steel-reinforced concrete building           
          that was constructed in 1928 and is comprised of a theater with             
          adjacent commercial space.  The Redwood City Fox is an example of           
          an American "movie palace"--a distinct phase of theater                     
          architecture which occurred primarily between 1915 and 1945, with           
          its peak period in the 1920's.  The Redwood City Fox was built to           
          serve both as a vaudeville house for live entertainment and as a            
          "fantasy" movie palace.  The inclusion of commercial space within           
          the larger theater building is indicative of a trend during the             
          1920's and 1930's to use theaters to create more distinctive                
          office and retail buildings.                                                
               The facade of the Redwood City Fox building is Gothic                  
          Revival with Art Deco themes, and is representative of the late             
          1920's.  The theater incorporates many architectural features of            
          that generation, including an ornate terrazzo sidewalk, a                   
          recessed entrance, an expansive "Grand Lobby", a high level of              
          interior decoration, a pipe organ and organ lofts, and numerous             


               5(...continued)                                                        
          information.  The May 1, 1981, Purchase Agreement executed by               
          Jacobs and the sellers, Redwood Theatre, Ltd., indicates a                  
          purchase price of $1,000,000, with $87,444 of the purchase price            
          allocated to the personal property and $912,556 allocated to the            
          real property.  Escrow instructions dated May 8, 1981, also                 
          indicate a sales price of $1,000,000, with an additional                    
          $16,675.36 paid by Jacobs for closing costs and prorated property           
          taxes.  Based on the evidence presented, we find that Jacobs paid           
          $1,000,000 for the Redwood City Fox and associated personal                 
          property, exclusive of closing costs and property taxes.                    




Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011