NNN Net Leased Retail Restaurant and Green Space For Glendale California 134 Freeway Cap
The Glendale California Community Development Department has released new detail website regarding its plans to build 24 acres of park land on top of the trenched section of the 134 through downtown Glendale.
The new ¾ mile freeway cap, estimated to cost $150 million, will stretch from downtown from Central to Balboa. The segment of the park between Central to Louise Street will serve downtown Glendale and provide a venue for outdoor concerts, farmers’ markets, and new nnn net leased space for restaurants.
East of Louise it will be a neighborhood park with a focus on recreational facilities, community garden, dog park, children’s play area.
The cap will also reunite long divided parts of the city that have been divided since the 134 was built 40 years ago.
This will be a long time coming as construction is not expected to begin until 2020. The City of Glendale California will be funding the project with the help of public and philanthropic resources. It will be a couple of years before lease up of the nnn triple net retail or restaurant lease spaces begins.