JoAnn Fabrics and Crafts’ demise left retail buildings across the country ripe for redevelopment. The city of Glendale has taken notice. The city bought the vacant 33,800-square-foot former JoAnn location at 1000 South Central Avenue from Aria Investments for $24 million, L.A. Business First reported. Rather than converting it to offices or housing, the city is looking to build a public park and a recreation center on the 2.4-acre site. In doing so, it would be the fourth-largest park in south Glendale, the outlet said. Some city council members are hoping for the park’s main field to double as a […]
This article originally appeared on The Real Deal. Click here to read the full story.
Powered by WPeMatico