Development of Pacific Theatres' Long Beach Towne Square Kicks Off With Construction of Ralphs Grocery.LONG BEACH, Calif.--(BUSINESS WIRE)--June 16, 1998-- 150,000-Square-Foot Community Retail Center Located On Former Drive-In Site; Pacific has More Than 500,000 Square Feet of Retail Projects Under Construction Pacific Theatres broke ground Tuesday on its Long Beach Towne Square community retail center with the start of construction of the 51,000-square-foot Ralphs Grocery. Located on a 14-acre site, formerly a Pacific Theatres drive-in, Towne Square will also include a drug store, auto-parts store, fast-food restaurants and a variety of smaller retail and community- serving uses. "Pacific Theatres Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. analyzed several options for this site and found that the nearby community would be best served by a neighborhood shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into that serves basic needs," said Neil Haltrecht, vice president of real estate for Pacific Theatres Realty. "We are delighted to have Ralphs as the grocery anchor for Towne Square." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. John Manavian, director of real estatedevelopment for Pacific Theatres, phase one is expected to open mid-November 1998. Pacific Theatres will be responsible for the development of on and off site improvements and shop buildings that are already under construction. "We are developing a Ralphs 'signature' store at this location," said Joe Ham, vice president, real estate development, Ralphs Grocery Co. "This is a terrific location for us, with great access and strong traffic patterns from the surrounding neighborhoods." Ralphs Signature Stores focus on quality and customer service, providing a greater selection of products and nontraditional services in a convenient environment. Each store is customized to the community it services. At the Ralphs Signature Store at Towne Square, shoppers will find a full-service deli and bakery, restaurant-quality seafood market, a floral boutique Boutique A small investment firm specializing in offering specific, but limited services to a select number of individuals. Notes: These investment firms are the alternatives to large financial supermarkets. They provide a highly personalized environment for investing. and in-store bank facility. "This development not only brings much needed services to this community but is another sign of the economic vitality of our city," said Long Beach City Councilman Jeff Kellogg Jeffrey William Kellogg (born August 29 1961 in Coldwater, Michigan) is an umpire in Major League Baseball who has worked in the National League from 1991 to 1999 and throughout both major leagues since 2000. He wears uniform number 8 and for the 2007 season was a member of crew L. . Located on Carson Street at Cherry Avenue in Long Beach, the 150,000-square-foot open-air center is designed by Perkowitz + Ruth architects of Long Beach and is being leased by Pacific Retail Partners. Towne Square will have perimeter retail, green belts and landscaping around a 765-space parking area. In addition to Towne Square, Pacific Theatres is in the process of securing approvals for development of the 388,000-square-foot Los Altos Los Altos (lôs ăl`tōs, lŏs), residential city (1990 pop. 26,303), Santa Clara co., W Calif.; inc. 1952. There is diversified light manufacturing. Centre in Long Beach. This project will include an Eagle Hardware & Garden home-improvement center, K-Mart, a new facility for Cal Worthington Calvin Coolidge Worthington (born November 27, 1920 in Shidler, Oklahoma ) is a well-known car dealer throughout the West Coast of the United States. He is best known for his unique radio and television advertisements for the Worthington Dealership Group. Ford and the new home for Beach City Chevrolet. Pacific Theatres is one of the oldest theater owners in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . The company formed Pacific Theatres Realty Corp. in the early 1990s to develop and manage retail, office, industrial and entertainment projects. The company is currently developing approximately two million square feet of new real estate projects in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century .
CONTACT: Casey & Sayre Inc., Santa Monica, Calif.
Karen S. Diehl, 310/458-1224
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