The long-vacant Paso Robles boys’ school is finally getting new owners — and they plan to turn the empty fields and rusting facilities into a business hub with industrial, office, retail and hotel space.
Majestic Realty, a Southern California-based real estate company, purchased the state-owned juvenile facility on Airport Road in February. The company is currently under contract for the property and hopes to close escrow in six months, said Taylor Talt, Majestic senior vice president.
The California Department of General Services put the 160-acre property — formally known as the El Paso de Robles Correctional Facility or the Estrella Correctional Facility — up for sale to private bidders in December after city efforts to buy the site failed.
