Chino Hills Council finds no bids for Shoppes 2

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As the economic crisis has caused a stall in development, the city found no bids last week after it offered developers last year the opportunity to purchase and develop 12-acres of its land just south of a new outdoor shopping mall and east of the adjacent new civic center.

Council on Tuesday extended the bid date another 120 days at the request of interested developer Opus West, as a hotel company working with Opus had requested more time to consider a deal, officials said.

The city hopes to expand its shopping and government area downtown with the "Shoppes 2" project, which is envisioned to include additional shops and housing opportunities as well as one or two hotels . If it doesn't receive another bid, Council may decide to hold the land until the market recovers.

1 Comments

Shannon Yslas said:

It would be great to get outlet shoppes, they do great for alot of people who are shopping for bargains.

Like 9 West, Jockey, Liz Claiborne, to name a few

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This page contains a single entry by Neil Nisperos published on January 15, 2009 5:57 PM.

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