Marie Callender has agreed to open a restaurant at a site owned by the city Redevelopment Agency on Slauson Avenue opposite the Fox Hills Mall, said a spokesman for the site's developer, Jacmar Builders Inc.
The announcement on Monday coincided with a decision by the agency and the City Council to award a 31 1/2-year lease to Jacmar to develop four restaurants on the 4.5-acre property, known as the Kite site because it is shaped like a kite. It is bounded by Slauson, Knightsbridge and Hannum avenues.
The anticipated lease revenue to the agency ranges from $24,000 a year for the first two years to $1.8 million in the final year, according to a staff report.
In addition to Marie Callender, Red Robin and Little J's West have also agreed to lease spaces at the site, according to the report. Alhambra-based Jacmar is still searching for a fourth tenant.