CALIFORNIA | LOCAL
August 2, 1997
Now that the newly renovated Pier Plaza is almost complete, city officials are hoping a developer whose success at adding shops in downtown business districts such as Old Town Pasadena and Santa Monica's Third Street Promenade will help add retail space in the beach town's downtown district. Under a tentative agreement between the city and CIM Group and Federal Realty Investment Trust, which is in the process of purchasing the historic Bijou Cinemas building for $1.