Pasadena?
Word is that Home Depot is in the early stages of evaluating the Avon property located on Foothill in Pasadena as a location for a store.
The new store would be a new concept Home Depot is testing.
This would be welcome news to many residents of Pasadena as the Avon location is being vacated by Avon. What it will mean to other hardware home stores like OSH(which is owned by Lowe’s) is unknown, but the area could use a large home retailer.
If Home Depot moves forward which it appears that it is in escrow on the property we could see a Home Depot in Pasadena in 2017.
Currently Alhambra and Monrovia are the nearest Home Depot stores.
This email from Pasadena Councilmember Gene Masuda of the East Pasadena District 4.
Most of you know that the Avon property at 2940 E. Foothill Boulevard was for sale for several years and Pasadena worked out a sale tax reimbursement agreement to keep Avon in Pasadena for three years, which that time has now expired.
This morning I found out that the Avon site is in escrow with Home Depot, and the early concept for use for the site is Home Depot 1/3 and High Tech 2/3. The total property size is about 15 acres. This is only preliminary information because Home Depot is still in their due diligence period of the escrow.
