Once Casden's Movietown Plaza project was approved in February, we didn't think we'd be hearing much out of it for a while--a rep told us the West Hollywood mixed-use wouldn't be breaking ground for at least a year while Casden lined up financing. Well, just four months later, in June, the city council issued $75 million in state bonds for the low-income housing portion of the project, and this past week Casden told the current Movietown tenants--minus Trader Joe's--to be out by August 31, reports the Park La Brea News. (Trader Joe's gets to stick around because it'll have a brand new space in the development, and it will stay open until that's ready.) The business owners, who were on month-to-month leases but thought they'd have several more months to figure out a move, are not pleased. The owner of the Bombay Grill tells the paper "I have catering orders booked until October, what am I going to do?" The new Movietown will have 76 affordable units, 294 market-rate condos, and 32,300 square feet of retail. Phase one construction is now slated to start in September at the front of the plaza.
· Tenants at Movietown Face Eviction From Property [Park La Brea News/Beverly Press]
· Casden's Movietown Plaza Approved for West Hollywood [Curbed LA]