London Pacific Investors will begin construction this spring on Norwalk Metro Center at the intersection of Norwalk Boulevard and the Santa Ana (5) Freeway in Norwalk.
Limited partners in the $75-million mixed-use development are Torrance-based London Pacific Investments Inc. and Uni-Cal Financial Corp. of Los Angeles.
Norwalk Metro Center will have an 8-story hotel and conference center, a 168-unit condominium and townhouse community, 6-story office building with 104,000 square feet of leasable office space and 22,000 square feet of ground-floor retail space, a 19,000-square-foot sixplex movie theater and a 9,000-square-foot restaurant.
The 22-acre property, designated as a surplus school site in 1981, was incorporated into the redevelopment district of the city of Norwalk and given specific plan zoning. In 1985, London Pacific Investments was chosen over 200 other development firms for purchasing and developing the site.
The 181-room Sheraton Norwalk Hotel and conference center is planned as the focal point of Norwalk Metro Center and will occupy 3.6 acres. Completion is targeted for the spring of 1989.