The developer for the proposed Target Department Store on Huntington Dr., which was defeated on a 2-2 vote of the Arcadia City Council, is trying to salvage the project by perhaps making a new offer to the city. If the difficulties are not resolved, Monrovia may be interested in acquiring the store, but Duarte is not.
After narrowly rejecting a Target Department Store as a suitable use for a property on Huntington Drive Tuesday night, the Arcadia City Council will have to await another proposal if it still plans to redevelop the property. The vote was 2-2 with and abstention. the measure needed 3 votes to win.
Proposed Department store targeted. Members of Arcadia City Council acting as redevelopment agency have approved Exclusive Right to Negotiate with Beck and Associates of Los Angeles for development of a Target Department Store with satellite shops at Third Avenue and Huntington Drive.
Prior to signing an exclusive "right to negotiate" with the city, Beck and Associates, developers of the proposed Target Department Store are asking the city to contact business and property owners to determine if they want to be participants in the project.
Dean A. Beck and Associates, developers of a proposed Target Department Store on East Huntington Drive in Arcadia, want to know the status of owner participation opportunities which might be available to people owning property within the project area.
The possibility that the Target Department Store project could be resurrected may to some extent depend on whether Arcadia Datsun decides to relocate to Duarte in the near future.
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.
The draft environmental impact report for the proposed Target Department Store was attacked at Tuesday night's meeting of the Arcadia City Council as failing to adequately address possible traffic problems and the loss of moderate-income housing.
Advocates and opponents of a proposed Target Department Store are having their arguments for what should be a lively discussion before the Arcadia Redevelopment Agency on December 4. The most controversial aspect of the proposed project is that, if approved, the city would buy property in the development area for $16-18 a square foot and resell it to the developer, Beech and Associates, as $12 a square foot.
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.
Peter Kinnahan, former redevelopment project manager for the City of Carson, has been appointed assistant city manager for economic development in Arcadia by City Manager George Watts. Kinnahan succeeds Jay Corey.
City-owned property at northwest corner of Huntington Drive and First Avenue may become a temporary mini-park as a result of Arcadia City Council action. Includes Thrifty Drug, Pizza Man and Huntington Desk buildings recently demolished.
The Westfield Group will acquire 15 department stores which are owned by Federated Department Stores, Inc., including stores in Arcadia and West Covina. Robinsons-May in Arcadia and Macy's in West Covina will become property of Westfield and converted for other uses.
The Arcadia Chamber of Commerce's Industrial Commercial Subcommittee voted unanimously to recommend to its board of directors that the Chamber support the concept of a retail store on the site where Target plans to build. The Committee did not specifically support the Target project, but did indicate that a retail development of some type would be appropriate.
Arcadia City Council has gone on record as supporting the building of a new city hall that would be built on the other side of the Civic Center property. Out of three options presented by city manager Bill Kelly, the council consensus was for a new building at a cost of $6.6 million and adjacent to Huntington Drive West.
The Target Department Store and shopping center will not be coming to Arcadia. The contract that gave Beck & Associates the exclusive rights to negotiate with Arcadia expired without agreement January 9, despite a final revision of the plans designed to make them acceptable to the Arcadia Redevelopment Agency.
City Councilman Jeff Dring again raises question of conflict of interest on property previously owned by Mayor Don Pellegrino and purchased by one of partners of Cornerstone/RPI Development Co.
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.