The team behind a proposed billionaire-backed city in Solano County called California Forever has closed on vacant properties on a strip of Main Street in downtown Suisun City, city officials announced Tuesday.
The sale by the city of properties to CF Suisun 1 and CF Suisun 2, companies formed by Jan Sramek, CEO of California Forever, includes buildings at 701-713 Main St. and two parking lots. The lots will be leased to the city for $1 each year so residents can continue parking while development plans are completed, according to a statement from the city.
“Closing on these parcels marks a clear first step in fulfilling the commitment to the city we first outlined in our June 2, 2025, offer,” said a California Forever spokesperson in an email Tuesday, adding that the company looks forward to bringing “wonderful new development” to Suisun City.
Suisun City Manager Bret Prebula said Tuesday that the completed transaction is a major step toward the city’s revitalization effort, known as the Downtown Specific Plan, which envisions a mix of residential and commercial activities on Main Street. The sale was approved unanimously by the City Council on May 26.
“We now have a committed partner who owns these properties and is ready to invest in them,” said Prebula. “That is how a specific plan stops being a document and starts becoming buildings.”
The Main Street properties are part of the first phase of sales to California Forever, said Prebula, which will eventually include two nearby buildings — one condemned Victorian home called Lawler House and a former theater.
Eventually, the mostly vacant block could include a barbecue restaurant, brewery and maker space akin to downtown Napa or Tahoe City, Prebula said in a phone call.
“Think of a pop-up building — small plays, a monthlong art exhibit,” said Prebula. “Up top, think brownstone and row house design.”
Prebula emphasized that the downtown development is distinct from the Suisun Expansion plan, which includes annexing thousands of acres owned by California Forever, with separate staff working on each project. Prebula said that’s because they wanted a clear commitment from the company that it would support Suisun City and its residents before California Forever breaks ground.
“That’s them wanting to show the dedication to what they’re doing here,” said Prebula.