The City Council's long-awaited decision on who will develop the $225-million Towne Center project on the city's east side may come later this month, possibly at the council's May 16 meeting, Cerritos spokeswoman Michele Ogle said.
The city has been looking for a developer for the 125-acre parcel northeast of the Civic Center for more than two years. Negotiations between the council and the Alexander Haagen Co.--the city's first choice to guide the project--collapsed, prompting a second search for a developer.
Five firms are reportedly still in the running--General Growth of Canoga Park, Donahue and Schriber of Costa Mesa, Tishman West of Orange, Transpacific Development of Los Angeles and Tutor-Saliba of Sylmar.
City officials hope to construct office buildings, a shopping center, a community theater and major hotel on the Towne Center site, bounded by Bloomfield Avenue, 183rd Street and the Artesia Freeway.