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.
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.
No early sale seen for ex-Thrifty site. The council/redevelopment agency expected to approve a Disposition Development Agreement with Halferty Development Company for the sale.
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.
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.
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.
The Marriott Corporation is actively seeking a site for a "Courtyard by Marriott" moderately priced hotel in the Arcadia Monrovia area. Craig Lambert, vice president of marketing wants to develop 8 to 12 properties in the Southern California area over the next 3 years and the Arcadia-Monrovia area ranks high on the company's list.
The Arcadia City Council has signed agreements with Republic Development Company for the development of the area along Huntington Drive east of First Avenue.
Construction of a $21 million Target Department Store in Arcadia's redevelopment area became a distinct possibility when the City Council unanimously agreed to sign an exclusive "right to negotiate" agreement with the development firm of Dean Beck and Associates.
Caruso Affiliated will give Arcadia $2 million in development fees and receive assurances from the city under the terms of a 63-page draft agreement released Friday. The agreement gives Caruso the assurance they can build what is approved. Caruso must dedicate a portion of the parking lot for City Hall to construct a water well. This was the topic of recent controversial closed session meetings held by City Council.
Arcadia incumbents appear to hold onto their seats. Semi-official results of City Council election. District 2-Tom Beck (northwest area, the neighborhoods surrounding Santa Anita Park on the north and west); District 5-Roger Chandler (the southeast area).
The City Council on December 16 by a 3-2 vote decided not to apply for federal funds under the Housing and Community Development Act of 1974, even though the Council-appointed committee recommended that it apply.