Retail Real Estate from Pasadena to Claremont
Posts tagged ‘retail’
Chipotle is now open in the La Verne Courtyard at the southwest corner of Foothill Boulevard and White Avenue/Fruit Street, directly across the street from the ongoing construction of the new Staples and Marshalls. The center is anchored by Office Depot and Orchard Supply Hardware as well as some shop space. Chipotle is right next door to Blockbuster. I was there during lunch and there was a vigorous lunch crowd.
Construction is well underway on the new Staples and Marshalls in the La Verne Towne Center at the southeast corner of Foothill Boulevard and White Avenue/Fruit Street. Vons vacated the site in December 2010 after having closed their other La Verne location at Foothill and Wheeler and moving into a new location across the street at the site of the old K-Mart. Marshalls is also relocating from the northeast corner of Foothill and White Avenue/Fruit Street. Staples is a new addition to La Verne, with the next closest stores in north Pomona at Foothill and Towne, and Glendora at Gladstone and Valley Center.
Santana’s Mexican Food will be adding their 13th location at the site of the former Arby’s at 700 E. Alosta Avenue, just west of Citrus Crossing Shopping Center. Evidently there is a huge demand for Mexican fast food in the area given the large number of eateries in the immediate vicinity. Being a huge fan of the cuisine, it is my goal to try them all!
A smaller version of Petco called Unleashed has opened in Monrovia at 614 Huntington Drive in the Huntington Oaks Shopping Center.
The store, approximately 1,500 square feet, is much smaller than the typical 10,000 to 15,000 square foot store and will focus more on pet essentials such as food. One of the obvious missing items in the smaller format is the selection of live pets, however, they still have pet adoptions.
The Huntington Oaks Shopping Center is anchored by Kohl’s, Best Buy & Beyond, Marshalls, and Trader Joes.
The San Dimas Blockbuster at 1001 W. Arrow Highway will be closing as of March 14, 2011 as part of the company’s Chapter 11 Bankruptcy petition filed in September 2010.
There were a total of 3,306 stores in the chain, with Blockbuster operating 2,924 stores, and the rest operated by franchisees. Blockbuster closed 145 stores prior to filing Chapter 11.
The Glendora City Council approved the expansion of the Wal-Mart located at 1950 Auto Centre Drive from its current 125,890 square foot building by an additional 29,925 square feet. The building has an excellent location at Auto Center Drive and Lone Hill, with visibility from Interstate 210 Freeway.
Walmart plans to expand their grocery selection with the additional space. An extra lane will be added to the northbound Lone Hill lanes, making it three lanes.
No timetable has been announced.
Grand Opening February 23, 2011
The Fresh & Easy in San Dimas is now open despite rain delays, and despite Fresh & Easy’s tendency to build stores without opening them. The ribbon cutting ceremony, scheduled for 10:00 am, was done by the time I got there at 10:05. With no urgent need to buy anything, I decided against doing an interior inspection. From the looks of things, it looks like the community is going to embrace this store.
The property was developed by New Cities from Monterey, California, with local La Verne construction company WF Construction acting as the general contractor.
Framing Complete
Grading Begins
I stopped by the Pasadena Border’s yesterday and joined the throngs looking for deals ranging from 10% to 30% off. I scanned the real estate section and didn’t see anything I wanted. I then went to the business section and found a book I have been wanting; $19.95 minus 20%, plus California’s usurious 9.75% sales tax would come to $17.52 according to my calculations.
I then went to pay for my item, only to be met with a line that looked to be about a half hour long. While standing there, not moving, I pulled out my slick new smart phone and went to Amazon and found that I could order the same book for $13.57 plus $3.99 shipping, for a total of $17.56, only 5 cents more than Border’s sale price. Hmm, maybe that is why Border’s is closing?
Here is a list of the Los Angeles County Borders stores that are going to be closing by the end of April 2011.
List of Los Angeles County Borders Closings
City Shopping Center/Mall Address
Cerritos Cerritos Towne Center 12741 Towne Center Dr
Glendale Glendale Marketplace 100 S Brand Blvd
Long Beach Los Altos Market Center 2110 Bellflower Blvd
Long Beach The Pike At Rainbow Harbor 101 S Pine Avenue
Los Angeles Westfield Century City 10250 Santa Monica Blvd
Los Angeles Howard Hughes Center 6081 Center Dr
Pasadena South Lake Ave 475 S Lake Avenue
Rolling Hills Estates The Promenade on the Peninsula 550 Deep Valley Dr
Sherman Oaks Ventura Blvd 14651 Ventura Blvd
Valencia Valencia Town Center 24445 Town Center Dr
Construction continues on the rebuilt Vons on East Colorado Boulevard, however, rain delays have pushed back the estimated completion of the new Vons store and pad buildings to late spring or early summer.
The new store will be approximately 61,000 square feet. All of the buildings on the site were completely demolished in order to make room for the new building and two pad buildings. The pad building on the northwest corner of Sierra Madre Boulevard and Colorado Boulevard will be approximately 6,300 square feet and is projected to be home to a Starbucks. The other pad building will be on the southwest corner of the property and will have 6,650 square feet of retail plus an additional 2,600 square feet of restaurant space.
The Vons Pharmacy is temporarily located across the street at 2310 E Colorado Boulevard until the new store opens.
