Dick Hale, a Bradbury councilman and CEO of development firm Hale Corporation, is proposing a four-story medical office building on the southern portion of the Santa Anita Park race track parking lot. It would be a joint venture with the race track's owner, The Stronach Group. It would create probably 300 jobs. An application has not been submitted but Arcadia City Council is set to discuss the developer's concept at a 6:00 PM study session on September 25 at City Hall.
Medical offices to be built adjacent to Arcadia Methodist Hospital. Developer Dick Hale will create a new 4 story, 72,000 square feet, state of the art medical office building. It is a joint venture between Hale Corporation and The Stronach Group, owner of Santa Anita Park Race Track. Groundbreaking slated for 2013, with space available for tenants in 2014.
Hale Medical Center office building planned at 289 W. Huntington Drive in Arcadia breaks ground. Construction began last week on the $20 million four-story medical office building in the southern parking lot of Santa Anita Park that will connect to Arcadia Methodist Hospital via a footbridge.
Hale Corporation to break ground August 13 on medical building in Arcadia. It will be a four-story office building, built as a joint-venture partnership with The Stronach Group. See also Pasadena Star News, p. A3, August 20, 2013 and Arcadia Weekly, p. 1, August 15, 2013.
Frank Stronach, chairman of MI Developments, the owner of Santa Anita Park, says he is optimistic his company can work out a new deal with developer Rick Caruso to build an outdoor mall at Santa Anita Park, even though he voided a 2005 joint-venture agreement with Caruso in April to build the Shops at Santa Anita mall in the race track's parking lot.
Santa Anita Park's owners want rock group KISS's singer Gene Simmons for a public relations and marketing gig. Despite several changes in recent months, track owner Frank Stronach, 80, said Santa Anita Park continues to fall short of his financial expectations.
Arcadia officials will meet with Santa Anita Park's majority owner Frank Stronach, to talk about the mall project that fell through with Caruso Affiliated, and to see if Stronach still envisions a high end retail project to develop on the track parking lot.
Canadian billionaire Frank Stronach, who is about to become the sole owner of Santa Anita Park, said he hasn't ruled out talking to developer Rick Caruso about reviving a project to build an outdoor mall in the race track's parking lot. Last week Caruso announced that he is no longer pursuing a development deal with Santa Anita Park's outgoing owner, MI Developments, Inc. (MID), for the upscale Shops at Santa Anita. Stronach is the outgoing chairman of MID.
Last year it seemed Santa Anita Park might be sold in a bankruptcy auction, but it appears owner Frank Stronach will keep an interest in the track. Under a deal arranged by Stronach's bankrupt Magna Entertainment Corp. (MEC) and its creditors in a Delaware bankruptcy court, ownership of the track would be transferred to MI Development, a real estate holding company controlled by Stronach. If a judge accepts the plan, Stronach would also retain ownership of Golden Gate Fields in the Bay Area, and Gulfstream Park in Florida. Also, it sets up developer Rick Caruso to proceed with building the Shops at Santa Anita mall that is proposed for the track's parking lot.
Santa Anita Park will be hosting the coveted 2012 Breeders' Cup World Championships. The Stronach Group took full control of the race track from MI Developments at the end of June. The two-day event will generate some revenue for the city and bring a lot of exposure to the San Gabriel Valley.
In a strongly worded letter to Canadian mogul Frank Stronach, Arcadia city officials urged Santa Anita Park's owner to work with developer Rick Caruso and finish the proposed upscale Shops at Santa Anita mall project that has been in the works for the last five years. Stronach's MI Developments (MID) voided its contract with Caruso following bankruptcy restructuring at Santa Anita Park. In a further flexing of city muscle, the letter stated that it "looks forward to working with the race track in future projects that require City approval."
Frank Stronach, chairman of MI Developments Inc. (MID), the owner of Santa Anita Park, will reveal a plan for Santa Anita Park on Wednesday to horse owners and trainers and he plans to address the California Horse Racing Board (CHRB). He did not discuss details but his plan aims to revitalize the ailing horse racing industry.
Santa Anita Park will host the Oak Tree Racing Association's fall meet one last time. Oak Tree's five-week fall meet has been held at Santa Anita Park since 1969. Frank Stronach, chairman of MI Development (owner of Santa Anita Park), said he doesn't want to have a tenant (Oak Tree) in the long run and talked about deregulation of the horse racing industry.
Santa Anita Park: horses must get OK of veterinarian team to race. This is a joint effort between the California Horse Racing Board and Santa Anita Park to enhance safety measures and reviews to further protect horses. Twenty-nine horses have died at Santa Anita Park since December 26.
Stronach Group names Joe Morris, Senior VP of West Coast Operations, effective November 9, 2015. He will oversee operations at Santa Anita Park, Golden Gate Fields, and San Luis Rey Training Center and will report to Keith Brackpool.
Is the Sport of Kings on the line? Santa Anita Park bans Hall of Fame trainer Jerry Hollendorfer. Stronach Group released this statement in the wake of another equine fatality, "Individuals who do not embrace the new rules and safety measures that put horse and rider above all else will have no place at any Stronach Group race track.
Santa Anita Park's ownership changed hands on April 30 after Frank Stronach's Magna Entertainment Corp. (MEC) transferred many of its assets to Stronach's MI Developments (MID) (one of MEC's creditors), as part of a bankruptcy restructuring plan. Last week MI Developments, a real estate operating company, canceled its 2005 agreement with Caruso Affiliated to develop to the proposed mall known as The Shops at Santa Anita, but this week MI Developments hopes to work out a deal with developer Rick Caruso to build an upscale retail project in the track's parking lot.