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.
Bob Low has decided to sell his Huntington Drive property, present site of his Arcadia Datsun agency. Asking price is $5.9 million. The sales package will include plans already drawn up for a 7-story office complex. Low is negotiating with both Arcadia and Monrovia for a new location for the auto agency.
The City's Redevelopment Agency has launched a massive marketing plan for two sites located at the NW and SW corners of Second Avenue and Huntington Drive.
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.
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.
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 discovery of contaminated soils will slow down a deal on some Arcadia land slated for redevelopment. Emkay Development Co. was planning to build a Residence Inn on the 11-acre site north of Huntington Drive.
The Arcadia City Council, acting as the Arcadia Redevelopment Agency, has agreed to have the Republic Development Company propose a commercial development at the east entrance to Arcadia, on Huntington Drive.
Arcadia City Council/Redevelopment Agency in special meeting is expected to consider a proposal by Falzone Development, Inc. to build a $14 million, eight-story retail/office complex at northwest corner of First Avenue and Huntington Drive.
The Arcadia Redevelopment Agency would like the Arcadia Nissan property in East Arcadia, but the city may not be able to afford it since the Redevelopment Agency is already $9.9 million in debt.
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.
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 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 Arcadia Redevelopment Agency has filed a suit against the Clifford C. Bong & Co., a former owner of the 1.6 acre redevelopment site on Huntington Drive. The ARA hopes to recover the $855,000 spent on removal of toxic waste and other debris.
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.
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).
For the first time in its history, the Arcadia Redevelopment Agency has authorized using its power of eminent domain to acquire properties specifically for redevelopment. The agency voted to use that power to acquire a construction yard on Santa Clara Avenue known as the Bong property and other properties on the north side of Huntington Drive, between Second Avenue and the Santa Anita Wash.
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.
By December, if all goes smoothly, Arcadia's Redevelopment Agency should have evaluated, and perhaps formally accepted a specific proposal for developing the land just east of the railway crossing on Huntington Drive. The request indicates that the city prefers either retail stores, a professional office building, or a fine restaurant.
Arcadia Datsun official says next move is up to city. Bruce Low, general manager of Arcadia Datsun, had been granted a conditional use permit for a seven or eight story office building in the redevelopment project area.