Arcadia City Council in its role of Arcadia Redevelopment Agency Tuesday night moved very close to an agreement for the sale of the former Thrifty Drug Store site at the northwest corner of Huntington Drive and First Avenue.
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.
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.
Council has voted 3-2 in favor of the disposition and development agreement with Hometel Development Corporation to construct a 150 suite Granada Royale Hometel. The hotel is considered the key to redevelopment of the area. Office buildings proposed for the surrounding area want hotels.
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.
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).
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.
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.
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.
Arcadia City Council members decided to wait a month before signing an "exclusive right to negotiate agreement" for the development of city-owned property at 620 East Live Oak Avenue, site of the Par Three Golf Course.
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.
Arcadia City Council in its role of redevelopment agency approved tax-exempt financing for the proposed RPI office development at intersection of Colorado Boulevard and Colorado Place.
The Arcadia City Council has signed agreements with Republic Development Company for the development of the area along Huntington Drive east of First Avenue.
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 is looking for developers to submit building proposals for 2 new major development projects on 5 acres of downtown property. The agency wants to house corporate headquarters, business and professional offices, retail stores and restaurants.
A large turnout is expected at the next meeting of City Council when they must decide whether or not to approve the resolution permitting liquor to be served at the city's two bowling alleys.
John Sinclair, Arcadia school's Associate Superintendent of Personnel Services and Staff Development, will be taking an early retirement baginning July 31.
Bennigan's Restaurant, part of the Southside Development between Second and Fifth streets on East Huntington Drive, is preparing for an expected July 4th opening.