Major changes on tap for Arcadia in the new year. Delta Marriott Hotel slated for the old Santa Anita Inn; Arcadia's tallest building, currently housing Bank of America at 150 N. Santa Anita Avenue, has gone up for sale. The current Arcadia Self Storage at 35 W. Huntington Drive is proposed to become a modern food vendor location, reminiscent of the Grand Central Market in Downtown Los Angeles or the Anaheim Packing House.
The changing architecture of Arcadia. Rusnak Mercedes Benz--in town since 2000 and currently at 55 West Huntington Drive--broke ground last December on construction of a 22,500 s.f. 2-story structure around the corner from its current base of operations. The new location will be on the 100 block of Santa Anita Avenue and will also include 78,000 s.f. for vehicle service, repairs, storage, and parking. The dealership's annual sales for 2014 was $170.5 million.
Arcadia recognized as "Most Business Friendly" for its mix of a strong local economy, well-known attractions, and responsive city hall workers, at the Eddy Awards, presented by Los Angeles County Economic Development, in the category of city with population less than 68,000. See also Arcadia Weekly, p. 13, November 16, 2017.
Local business Vintage Treasures and Antiques Arcadia, owned by mother and daughter team Jeanette C. Beraha and Raquel McLaughlin, celebrates its first anniversary with a New Business award from Arcadia Chamber of Commerce. It is located at 340 East Foothill Blvd., Arcadia.
The changing face of Arcadia--commercial brokerage firm NAI submits proposal for downtown districts. The City of Arcadia hired NAI to assess the city's five business districts and make recommendations to improve them and bring in appropriate, compatible businesses. See hard copy in VF Business and Industry.
Irwindale officials said Huy Fong Foods (the maker of the popular Sriracha hot chili sauce) can continue operations at its plant as long as it doesn't smell. Huy Fong officials said if forced to shut down, 200,000 fewere bottles would be produced per day. David Tran, CEO and founder, is an Arcadia resident.
Arcadia's Fresh and Easy (grocery store) market at 133 East Foothill Boulevard to shut down April 3. The chain is closing about 30 stores, including ones in Arcadia, Azusa, and Pasadena.
Arcadia launches the new Arcadia Downtown Business Association, with plans to revitalize the downtown district. Matt McSweeney is the association's chairperson and owner of Matt Denny's Ale House Restaurant on East Huntington Drive. City officials will spend about $90,000 on a parking study and about $18,000 in redevelopment funds to get Arcadia Downtown Business Association off the ground. The revitalization plans should work nicely with the slated opening of the Gold Line station at the northwest corner of North First Avenue and East Santa Clara Street by 2014.
Singpoli, an Arcadia-based investment and development firm, bought a 1.6 acre property at Lake Avenue and Union Street in Pasadena and plans to build a $60 million mixed use project, including a 165-room hotel and condo complex with 60 units. See also Arcadia Weekly, p. 11, May 11, 2017.
Arcadia City Council approves $70,000 to help the Downtown Business Association set up a business-improvement district. The district would tax commercial property owners to revitalize the area.
Spotlight on local business, a hair salon called 1st Ave Salon, located at 10 N. First Avenue, Arcadia, CA. Owner is Veka Estrada, a Temple City resident.
Highlighting Downtown Arcadia: Arcadia Blues Club: one of the city's best kept secrets, located at 16 E. Huntington Drive since 2005. The small business is operated by a husband and wife team with a passion for blues music.
Santa Anita Gardens Catering Services threw an extravagant showcase event to celebrate and promote one of their two hosting venues, Arcadia's historic Prince Erik Hall, located at 2607 South Santa Anita Avenue, behind Arcadia Congregational Church.
Downtown Arcadia business owners establish a Community Benefit District, mandating they each pay an annual assessment on their property taxes to fund marketing programs and activities in hopes of bringing more people to the area. It is called a Property-Based Business Improvement Model. It is a private-sector initiative that bills local businesses by the same criteria used in Old Pasadena--according to their frontage, lot size and scope of any buildings on a given property. 60% of downtown Arcadia owners chose the plan, the result of a three year effort.
Gayle Brewer, a 26 year-old Arcadia resident, runs a Pasadena-based business called Celia Caseta Inc. She provides professional makeup services. She plans to open locations in Arcadia and Northridge.
California's median home price posted its biggest annual gain in more than 5 years last month, rising 20.8% to $301,790, as reported by California Association of Realtors. Arcadia has the second-largest increase in the state with its median home price jumping 40.2% in March to $726,136 compared to $518,000 a year earlier.