| June 5, 2008 Construction Underway on Duarte Best Buy Store and Shops for Six Other National Tenants Construction has begun in Duarte on a 46,000 square foot Best Buy store at the northeast corner of Central Ave. and Mountain Ave., just north of the 210 Foothill Freeway. The project is being built on 4½ acres purchased from the Duarte Redevelopment Agency. The City of Duarte and developer Jacobsen Family Holdings hosted a ground breaking ceremony on May 27 for the major retail development project that will also feature 10,600 square feet of inline shops. Six additional national tenants will include a combination of quick serve restaurants and various retailers. An existing, adjacent 17,000 square foot Staples store will undergo a major remodeling and redesign in conjunction with the new development. “This project is an excellent example of a joint partnership of the private sector and our redevelopment agency that will translate into hundreds of new jobs and over a half-million dollars in annual sales tax revenue,” said City Manager Darrell George. RCI Builders is the general contractor on the development project, slated to be completed and open by March 1, 2009. Jacobson Family Holdings previously developed the 3.5 acre retail center at Mountain Ave. and Hamilton Rd. in Duarte anchored by La-Z-Boy and IHOP franchises and other national tenants that opened in 2005. For more information, call the City of Duarte at (626) 357-7931, ext. 221. |