Golden Key, already surrounded by Caruso
The Glendale City Council is siding with the developer Rick Caruso in his bid to expand Americana at Brand, reports the Glendale News Press. This week, the city told two nearby properties, including the Golden Key Hotel that they have two choices: Negotiate a sale price or present their own plans for redevelopment. If not, they will face possible eminent domain proceedings, according to the Glendale News Press. Here’s what the two owners say: "Henry David, who owns the empty 7,500-square-foot building at the edge of the Americana, indicated he would be willing to sell, his only concern that 'we are treated fairly.' And while Ray Patel, owner of the Golden Key Hotel, also said he would consider selling, he added that a mid-priced hotel is an important asset for the city and that he would like to keep it open. 'I don't feel like I should be bullied into anything,' Patel said." The two property owners have 45 days to take action. Who wouldn't love it if Patel did in fact present some ideas for development. Trolley-themed water park, anyone? Or is it time for him to bring in attorney Robert Silverstein? UPDATE: A representative for Caruso Affiliated tells Curbed that Caruso hopes a deal can be worked out privately with the business owners so it doesn't reach the eminent domain stage. More from a press release put out today: "We are committed to reaching a fair resolution with the existing property owners. And if we cannot come to an agreement, we are prepared to establish an even-handed process to determine a fair outcome,” Caruso [said]. “We also want to begin working with the hotels employees to protect their interests throughout this process."
According to an older Glendale News Press story, the city used eminent domain to clear the site for Americana at Brand.
· Council sides with Caruso [Glendale News Press]