Eminence Front: 'Americana At Brand' Expansion Hearing Halted
Owners of the Golden Key Hotel and Americana at Brand in Glendale "agreed to postpone a hearing on their competing redevelopment proposals to allow more time for negotiations," reports the Glendale News-Press. The new hearing is scheduled for Feb. 22.
Hotel owner Ray Patel -- who turned down a $6-million buyout offer -- and Americana at Brand developer Rick Caruso were met today by Patel supporters reportedly chanting "Let Ray Stay" as they approached City Hall, "where the City Council, acting as the Redevelopment Agency, was scheduled to consider Rick Caruso's plans to expand his mall," notes the Glendale News-Press.
Caruso is proposing to demolish Patel's Golden Key Hotel and an adjacent building in order to expand his 15.5-acre shopping center and add 135,000 square feet of retail space. In January Caruso acquired the adjacent building. Property rights advocates accuse the Glendale Redevelopment Agency of favoring "big money" rather than seeking to removing blight.