The City Council, acting as ARA, will hear a report on the receipt of an agreement to acquire the property at 55 E. Huntington Drive, where Huntington Desk has been located.
The Republic Development Co. made a report to the City Council concerning redevelopment of the area around Fifth Avenue, Santa Clara Street, and Santa Anita Wash. Proposals include 3 five-story office buildings and expansion of retail stores into the area.
The Arcadia City Council, in its role of redevelopment agency, has approved a disposition and development agreement with American Savings for the property at the northwest corner of First Avenue and Huntington Drive.
The Arcadia City Council has signed agreements with Republic Development Company for the development of the area along Huntington Drive east of First Avenue.
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.
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.
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 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.
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.
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.
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.
Article discusses the exchange of views between Councilman Haltom and local businessmen at the monthly meeting of the Arcadia Chamber of Commerce Industrial-Commercial Committee.
Concept plans for a $14 million eight-story building at 333 E. Huntington Drive have been approved by the Redevelopment Agency. The 4.7 acre site is owned by Bob Low of Arcadia Datsun.
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.
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.
The Arcadia Redevelopment Agency may have to return $550,000 to the county unless it turns its funds into fixed assets. Sites in the redevelopment area being considered for purchase are described.
Arcadia City Council in its role of redevelopment agency approved tax-exempt financing for the proposed RPI office development at intersection of Colorado Boulevard and Colorado Place.