Two last-minute glitches have jeopardized a major redevelopment project, the Whittier Station Center.
At Tuesday's meeting of the Redevelopment Agency, the developer's representatives announced they would not be able to conform to two agreed-upon conditions. As a result, city officials are considering whether they want to go forward with project at all.
The Encino-based developer, Urbatec, cannot provide an upscale food market as the company had agreed, attorney Mark Novak said. In its place, Urbatec can offer a discount market that operates in more of a warehouse setting. Novak said that having to make the substitution is as distressing and surprising to Urbatec as it is to the city.
In addition, Urbatec said its lender would not approve a financial agreement made by the city and Urbatec. As a result, the developer cannot use the shopping center land as security for funds advanced by the city.