Granada Royale Hometel is interested in building a $10 million hotel at the northeast corner of Second Avenue and Huntington Drive, according to Mike Lloyd, a consultant to Republic Development Company.
Article reports on progress with two parcels involving a proposed Hometel 300-room hotel at the northeast corner of Second Avenue and Huntington Drive and a proposed office building at the southwest corner of Huntington Drive and Fifth Avenue.
The Arcadia Redevelopment Agency may sell 3.74 Acres of land on the northeast corner of Huntington Drive and Second Avenue to Grand Royale Hometel for 1.3 million dollars. After the parcel is sold, the city plans to rezone the property for the developers raising the value to about 3.5 million.
The Arcadia City Council has signed agreements with Republic Development Company for the development of the area along Huntington Drive east of First Avenue.
Council has voted 3-2 in favor of the disposition and development agreement with Hometel Development Corporation to construct a 150 suite Granada Royale Hometel. The hotel is considered the key to redevelopment of the area. Office buildings proposed for the surrounding area want hotels.
The dissolution of the agreement between the city and Republic Development Company will take effect this week. Republic has been working for close to three years on the redevelopment project along Huntington Dr. City Council has, in effect, voted against the use of eminent domain making it impossible for the Development Company to talk to buyers.
A public hearing on the proposed hotel at Huntington Drive and Second Avenue is scheduled for December 16. Article outlines the financial details of the project and the thoughts of the various councilmen on the idea.
The proposed new office building for the corner of Huntington Drive and First Avenue has run into a delay caused by a lack of tenants, according to Warren Lortie, president of the development firm WLA Arcon of Huntington Beach. Arcon requested and got a 90-day extension on its deadline.
Noon on August 17 is the deadline for submission of proposals to buy or lease city-owned property at northwest corner of First Avenue and Huntington Drive in Arcadia. The Arcadia Redevelopment Agency is interested in proposals offering a commercial-retail use or mixed-use concept of commercial-retail and professional office space.
Construction on the Granada Royale Hometel at Second Avenue and Huntington Drive in Arcadia at least six months behind schedule. The project was to be completed and open by August 13 of this year.
On behalf of the Arcadia Redevelopment Agency, Mayor Gilb accepted a check for $250,000 from Hometel of America Corporation. This is the first of several payments toward the purchase of the property at the northeast corner of Second Ave. and Huntington Dr.
The City Council in its role as Arcadia Redevelopment Agency hears plan by local developers to buy city property at the southwest corner of Fifth Avenue and Huntington Drive.
The foundation of Arcadia's first redevelopment project is being poured at the corner of 5th Avenue and Huntington Drive. The prime tenant of the 3-story office building will be Arcadia's Southland National Bank.
With negotiations ended between Arcadia and a developer who wanted to build an office building at the corner of First Avenue and Huntington Drive, the Arcadia Redevelopment Agency is looking for another firm to develop the site.
Hedrick Enterprises has shelved a proposed $2.6 million office building for its corporate headquarters at Huntington Drive and Fifth Avenue. A downturn in the economy was the reason for the decision.
By February 14, 1985, the Granada Royale Hometel will be known as the Embassy Suite Hotel. The hotel was purchased in April 1984 by Embassy Suites, a subsidiary of Holiday Inn.