Advertisement
YOU ARE HERE: LAT HomeCollections

Community Digest

La Mirada : Toy Store Surrenders Lease for Prime Spot in New Mall

June 07, 1990

The city of La Mirada has tentatively settled a toy company lawsuit that had been one of the hurdles delaying a proposed $130-million commercial and residential project on a 70-acre tract at La Mirada Boulevard and Rosecrans Avenue.

The company, Toys 'R' Us, will surrender its long-term lease in the old, partially demolished La Mirada Mall in exchange for a prime spot in a new commercial development on the same property, said Don White, director of economic development for the city's Redevelopment Agency. Legal fees in the case cost La Mirada about $35,000.

The city is involved in another lease-settlement lawsuit with the El Torito restaurant chain. Because the restaurant was vacated in February, however, an anticipated court trial will not delay new construction.

Advertisement
Los Angeles Times Articles
|
|
|