Last week we posted that the Movietown Plaza development has been delayed due to conflicts over financing (“Movietown Plaza Hits a Snag”).
One of our correspondents remembered that during the hearings for the project’s approval conducted by the City of West Hollywood, a time limit was placed on how long Casden Properties could wait before building the project. So, the Melrose Village Blog contacted David DeGrazia, Senior Planner for the City of West Hollywood and point person for this project.
Turns out, there is plenty of time.
Here is David’s response to us:
The development agreement between the City of West Hollywood and Casden Properties for Movietown Plaza has a term of 7.5 years. This means they need to be under substantial construction before the development agreement expires in Oct. 2017.
Still, we hope that the development will move forward soon. We are tired of looking at that tired old shopping center every time we go to Trader Joe’s.