Kimpton Hotel project at YWCA building squashed by Pasadena officials

Council is now discussing new uses for historic site

TRD LOS ANGELES /
May.May 24, 2017 06:00 PM

Pasadena’s City Council initially voted in April to hold off on the 181-key Kimpton Hotel development after developer KHP Capital Partners, the Kimpton-affiliated equity firm funding the construction, requested a subsidy from the city.

Council members voted again on Monday — and decided to stop the project altogether.

Kimpton received approval for its hotel at the site of the historic YWCA building in August, but requested a more than $30 million waiver of rent and parking fees over a  50 year period last month, the Pasadena Star-News reported.

At the time, city officials voted to pause the project.

But the need for a subsidy, in addition to residents’ concerns about the hotel, ultimately led officials to strike down the deal.

Council members are now investigating other potential uses for the site, according to the Pasadena Star.

Monday’s vote didn’t set the guidelines for finding alternative options. Instead, the council sent the matter back to the Economic Development and Technology committee to create standards that would meet the public’s vision for the center.

A citizen’s task force is expected to be formed in the next month, according to the Pasadena Star. [PSN]Subrina Hudson


Related Articles

arrow_forward_ios
Prop 15 property tax measure draws millions (Credit: iStock)

Prop 15 property tax measure draws millions of dollars from for and against campaigns

Prop 15 property tax measure draws millions of dollars from for and against campaigns
The Pasadena home (Credit: Douglas Elliman of CA, Inc.)

Pasadena’s Chandler Estate in contract

Pasadena’s Chandler Estate in contract
California is allowing barbershops and salons to reopen under new coronavirus mitigation guidelines (Credit: Noam Galai/Getty Images)

California allows barbershops to reopen, but LA holds back

California allows barbershops to reopen, but LA holds back
LA County assessor Jeffrey Prang

LA County properties valued at nearly $2 trillion…before pandemic

LA County properties valued at nearly $2 trillion…before pandemic
First District Supervisor Hilda Solis (Credit: Rebecca Sapp/Getty Images)

LA County select reopening target date for restaurants and retailers

LA County select reopening target date for restaurants and retailers
250 N. Halsted Street and 3475 East Foothill Boulevard

Panda Express family buys Pasadena corporate park for $78M

Panda Express family buys Pasadena corporate park for $78M
Eric Garcetti orders a moratorium on LA commercial evictions (Photo credit: iStock photo)

Garcetti orders a moratorium on commercial evictions in LA

Garcetti orders a moratorium on commercial evictions in LA
199 South Robles Avenue in Pasadena (Credit: Google Maps)

Beverly Hills investors fork over $55M for Pasadena office building

Beverly Hills investors fork over $55M for Pasadena office building
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...