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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.