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Published on: 5/8/2006
Last Visited: 11/19/2006
"The whole Highway 111 corridor is critical to the city's future success," said Mark Wasserman, assistant to the city manager.
Most of the land, he said, "is obviously an eyesore" that hurts the city's image.The city is soliciting developers because it wants to ensure that a top-quality project gets built on the highly visible property, Wasserman said.
An alternative to the hotel and stores is a mix of retail and high-density housing, a staff report on the project states.The report says buildings could be as high as six floors, although Wasserman said two to three stories is more likely.
More than 5 acres of the land are vacant.Wasserman said the city has not yet contacted that parcel's Los Angeles owner, Kornland Building.
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Wasserman said the current bank building probably would not fit into the city's plans, but one option could be to relocate the bank to a new building on the site.
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Wasserman said the city is concurrently attempting to buy Etemad's land in the hopes it will move the plan forward more quickly.