The Monrovia City Council, acting as the Successor Agency, tonight plans to review several proposals submitted for the parcel.
In December, the Successor Agency to the now disbanded Monrovia Redevelopment Agency had a study session to give staff feedback on several properties located at the corner of Myrtle and Huntington. Part of the agency’s five-year implementation plan include the goals to redevelop that strip a land in a way that complemented the other three previously redeveloped corners and to build an attractive development for the major thoroughfare that links the 210 Freeway to Huntington Drive and Old Town, according to city staff.
During that study session, the board suggested a high-quality office building and restaurant for the site, according to the staff report. On May 21, the council reviewed three proposals for the land. One proposal for a multi-residential development was rejected.
The council expressed interested in more information about two others, a proposed new educational campus for Mt. Sierra College and a four-star hotel project by Singpoli. Two other proposals have been submitted since May, including a 24-Hour Fitness and two restaurant/retail sites by Evergreen Development and a restaurant/retail project by Festival Companies.
Even though the other three proposals would general higher tax revenues, city staff is recommending the board go with the Mt. Sierra proposal because it is more in line with the previous goals set for the properties.
“Staff recommends that the Board consider entering into a Letter of Intent with Mt. Sierra College given that its background, land use, iconic design, and economic benefits most closely match the Council’s vision as expressed in 2012 in comparison with the other uses,” Jennifer McLain wrote in the staff report.
The Successor Agency meets at 7:30 p.m. tonight at City Hall.