Saturday, February 19, 2011

Glendale's City Center Entering Huge Transformation

It's no secret, I work at the Glendale office of Community Bank.  Do just a bit of homework, and you know that the office was, until recently, at 100 N Brand Blvd at the corner of Broadway.  It's the 100-100 intersection, the Center of the grid for the City of Glendale.  Since January 31, the ground level of the historic Security Savings building on Brand and Broadway has been empty with cBank's move up the street to 500.  Caddy corner to that building lies the outskirts of the Glendale Galleria, and the storefront on Brand is a temporary space that is typically rented out by Halloween Stores and tax preparers.

Then, just this week, Borders announced that it would close 200 stores and guess what, one of them happens to be the location at Brand and Broadway.  From the untrained eye, it might look like there are problems at the core of the commercial center of Glendale, but a deeper look will show quite to the contrary.  The Circuit City that went out of business has finally been knocked down and the project to build new condos is underway.  More residents in the neighborhood will equate to higher demand, and these two spaces are prime retail locations in the #1 corridor in Glendale.

I'll keep updating on the developments for the spaces as they progress...



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