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.
Granada Rouale 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.
The city may use eminent domain to secure the Peter Kiewit property at 301 E. Santa Clara Street. Republic Development Co., which has a contract to develop the area, has asked the City Council's help in securing the property.
Arcadia Redevelopment Agency members briefly considered four possible developments on the south side of Huntington Drive in east Arcadia, then discussed whether to increase the size of the development area to include the city yards just south of the current project area.
Arcadia City Council members, acting as the Arcadia Redevelopment Agency, will be asked Tuesday night to approve purchase of two properties at Fifth Avenue and Huntington Drive (the Larmor development).
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.
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.
City Council approved the use of eminent domain if it is needed to put together the package that will allow development of a $2.6 million office building at Fifth Avenue and Huntington Drive as proposed by Hedrick Enterprises.
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.
The Arcadia Redevelopment Agency (which is also the City Council) is considering whether to take steps toward acquiring several properties in east Arcadia that made up the parcel of land for the now defunct Target Shopping Center. According to Peter Kinnahan, assistant city manager for economic development, the Arcadia Redevelopment Agency is strongly in favor of acquiring property on 3rd Avenue, just north of Huntington Drive.
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.
Arcadia's City Council has given the final go-ahead to Stanley Gribble and Associates on the retail-office-restaurant center planned for the south side of Huntington Drive in East Arcadia.
A new developer has been selected by the Arcadia Redevelopment Agency to build on the vacant lot at the corner of Huntington Drive and First Ave., the site of the now defunct Falzone project. The agency selected Halferty Development Co. of Pasadena to build a 2-story professional and financial office building on the site.
The Arcadia Redevelopment Agency granted Stanley Gribble and Associates a 6-month exclusive right to negotiate with the city to develop a commercial project at the east end of the city between the railroad tracks on the south and west, Huntington on the north and 5th Avenue on the east.
Plans for a series of office buildings and a high-rise hotel in the Arcadia redevelopment area require general plan and zone changes. The first move is an environmental impact report for the area bounded by the 210 Freeway on the north, the railroad tracks on the south, Fifth Avenue on the east and Second Avenue on the west.
The office building proposed for the grass park at the northwest corner of Huntington Drive and 1st Avenue may not be built. The Arcadia City Council let lapse the contract guaranteeing an exclusive right to negotiate between the city & the developer, Sam Falzone.
The developer of Monrovia's Huntington Oaks shopping center now has an exclusive right to negotiate with the Arcadia Redevelopment Agency to construct a $17.3 million office and restaurant complex on the south side of Huntington Drive between the railroad tracks and the east boundary of the city.
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.