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Shea Properties to spend $130 million on new Alhambra Place

Developer Shea Properties will spend more than $130 million on the new Alhambra Place, a mixed-use retail and residential complex at Garfield Avenue and Main Street, the Los Angeles Times reports. The project calls for demolishing all of the buildings at the site except for the former Mervyn's building, which will be renovated and become part of a new retail and dining complex.

The developer has not yet set rental rates for the apartments, but they are expected to compete with similar spaces in downtown Los Angeles and Pasadena, Andres Friedman of Shea Properties told the L.A. Times. The apartments facing East Bay State Street will have classic brownstone features while the architecture on Garfield will be a contemporary design.

The retail half of the project is scheduled to be completed by summer, and apartments should be available by fall 2016, according to the L.A. Times.

Read the full story from the Los Angeles Times.

The Alhambra Source encourages comment on our stories. However, we do not vet comments for accuracy or endorse links to posts in the comment section. The thoughts and opinions expressed belong solely to the author of the comment.

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6 thoughts on “Shea Properties to spend $130 million on new Alhambra Place”

  1. Exactly Afriend, complainers feed on themselves. Looking forward to more of your complaints.

  2. I don’t understand this story. The LA Times writer includes this quote:
    “Alhambra has an underserved downtown with a lot of potential,” said Friedman, vice president of acquisitions and development for Shea Properties, which is building the complex called Alhambra Place. “It hasn’t seen a new project for the last decade.”

    I live nearby and don’t understand where this incorrect information is coming from.

  3. Sounds like a complaint, Joe.

  4. All the comments here are the same, complaining about everything…

  5. Looks like th copi d the New Century BMW building on the corner of Main and Atlantic.

    1. they are all the same, just the names change on the placards that announce the developer, just drive around alhambra, ….all the same