Crop One Holdings, a San Jose-based corporation, would invest more than $16 million in the project – $6 million in the structure and $10.5 million toward equipment, according to documents filed with the city. It plans to grow produce indoors, “substituting 320-square-foot growing units for up to 19 acres of farmland.”
Crop One would pay the city $250,000 for three properties along Homestead that combined make up a 3.5-acre area. Hartford recently got a $2 million grant to demolish blighted structures on the land. Crews began to dismantle the buildings this month, and work is expected to conclude by the end of the summer.
