A diamond in the rough. That’s what Los Angeles developer Shay Maghame sees in the 90-year old former J.C. Penney building on downtown Fresno’s Fulton Mall.
Fresno Mayor Ashley Swearengin joined Maghame at a press conference today, announcing plans for apartments and retail in the long vacant building, which overlooks Chukchansi Park.
“We stand ready to make sure this is a good business experience for you,” Swearengin says. “We know we are on the right track and your investment proves it.”
Maghame calls the building “The Diamanti.”