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  • Deirdre McCrohan

Martha land appraisal underway after group hits fundraising goal

A formal appraisal of the 110-acre Martha property on the southern Tiburon Ridge is underway — the first step toward the possible acquisition of the property by a local grassroots group that wants to preserve it as open space. Tiburon Open Space last June enlisted the San Francisco nonprofit Trust for Public Land, which helps communities preserve open space, to negotiate with property owner the Martha Co. to acquire the land, which was put up for sale for $110 million in 2018 after decades of failed efforts to redevelop it as a subdivision. The price has since dropped to $95 million.

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