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.
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 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.
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.
The Arcadia Redevelopment Agency granted Stanley Gribble and Associates a 6-month exclusive right to negotiate with the city to develop a commercial project at the east end of the city between the railroad tracks on the south and west, Huntington on the north and 5th Avenue on the east.
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.
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.
Pete Kinnahan, assistant city manager in Arcadia, told City Council that Target Department Stores were interested in the Arcadia Datsun property and the adjacent city-owned property on Third Avenue.
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.
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.
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.
Arcadia city staff is preparing an Exclusive Right to Negotiate with Emkay Development Co. to build a 7-story hotel, restaurant, and 3 office buildings north of Huntington Dr. in East Arcadia.
Arcadia City Council will be asked to determine whether they want to extend a "resolution of inducement for tax-exempt financing" for the proposed Ramada Inn (now Santa Anita Inn) project.
The office building proposed for the grass park at the northwest corner of Huntington Drive and 1st Avenue may not be built. The Arcadia City Council let lapse the contract guaranteeing an exclusive right to negotiate between the city & the developer, Sam Falzone.
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.
A lottery was held to determine who would receive priority in the opening of the Naomi Gardens housing project for senior citizens and the handicapped.