Almost five years after Mervyn’s closed, construction for a new mixed-used development at Alhambra Place will break ground this fall, reports the Pasadena Star-News.
Real estate developer Shea Properties presented to City Council in May a design for the project at Garfield Avenue and Main Street, which includes a residential complex with 260 luxury apartments and 140,000 square feet of retail and restaurants. The design also includes surface parking and a five-story parking structure.
Construction on the retail half of the project will begin in fall 2014 and is scheduled to be completed by summer 2015, Shea Properties Vice President of Development and Acquisitions Andres Friedman told the Star-News. Construction on the residential half will begin in spring 2015 and the apartments will be available in fall 2016.
While Shea Properties is in negotiations to fill the retail spaces, Friedman said the developer intends to bring in an organic market and quick-serve restaurants, according to the Star-News.
Read the full story from the Pasadena Star-News.