Flax into gold. (Real Estate).One of Westwood's oldest businesses apparently has given up on redeveloping its property and is putting it up for sale. But then again, maybe not. The Flax family flax family Family Linaceae (order Linales), composed of about 14 genera of herbaceous plants and shrubs found throughout the world. The genus Linum includes flax, perhaps the most important member of the family, grown for linen fibre and linseed oil and as a garden , owner of Flax flax, common name for members of the Linaceae, a family of annual herbs, especially members of the genus Linum, and for the fiber obtained from such plants. The flax of commerce (several varieties of L. Art Supplies at 10852 Lindbrook Ave., has listed its 8,400 square-foot building for sale, 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. Reginald Woolfolk, broker at Charles Dunn Real Estate Services Inc. Sale price is listed at $3.5 million. But storeowner store·own·er n. One who owns or operates a store or shop. Judy Flax was noncommittal on the status on the property. "It was listed and we've just changed our mind;' said Flax. "Everything is up in the air right now." The family's redevelopment proposal of a mixed-use project, which included 29 apartments on the quarter-acre site, was met with opposition from Westwood's Design Review Board in December. "We told them to go back to the drawing board," said Terri Tippit, the board chairwoman, who noted that the design overwhelmed o·ver·whelm tr.v. o·ver·whelmed, o·ver·whelm·ing, o·ver·whelms 1. To surge over and submerge; engulf: waves overwhelming the rocky shoreline. 2. a. the site and that the board was looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. more set-backs and less mass. The Flaxes had not scheduled a date to re-approach the board for an updated design proposal, according to Tippit. The family has also begun discussions with the owner of a 2,800-square-foot retail location on Gayley Avenue just north of Kinross Avenue about moving the 50-plus-year business, complete with its huge trademark blue-and-red ribbon sculpture on its facade. "I am very much looking forward to bringing the sculpture to Gayley Avenue," said the building's landlord, Ben Pick. Staff reporter Danny King can be reached at (323) 549-5225 ext. 230, or at dking@labusinessjournal.com. |
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