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Former L.A. City Councilman Richard Alarcon:…

Laurel and Valley Plaza

What does everyone think about the Laurel Plaza development? What about Valley plaza? What is in the future for Valley Plaza?
ricki March 18, 2014 at 10:37 AM
I spoke to Eric Brooks, who works for the current owner of Valley Plaza (Istar Financial) as the project manager for the new development. He told me that the new Valley Plaza would have a combination of housing and retail stores/restaurants. He did not know if the housing would be rentals or condos, thou he believes that by summer Istar would decide on that, and present their plans to the public at a Meeting. I read that Laurel Plaza has been sold to a group of people headed by a Mr. Goldstein. who at one time also owned a large portion of the Valley Plaza but gave it back to the bank who just happens to be Istar. They have said in an L.A. Times article that they plan on demolishing the Macy's and constructing a new center that would cost upwards of $100 million. I look forward to attending the meetings that are supposed to take place in the summer - I am sure they will be very interesting
David Rivers March 18, 2014 at 03:33 PM
Ricki, I'm impressed at your investigative reporting. Better than some Patch editors we've had.
robert March 19, 2014 at 01:58 AM
Thanks Ricki for the information. I'm very happy with the project. I'm hoping that is will be something similar to the Americana in Glendale. Maybe a revamped theatre, a housing mixed with a limited percentage of affordable units, and dining/shopping that everyone can enjoy. A mix of luxury and moderate retailers would be nice. I'm really happy for the future of the area and I want to be involved as much as possible. The only thing I hate about the area is that damn middle school. LAUSD didn't have any consideration for the area when they built that school and severely damaged the potential of the area. No one wants to build next to a middle school.

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