A $70-million project is planned for the Paseo Colorado shopping center in Pasadena, Calif., that will include a six-story, 179-room Hyatt Place hotel, as well as a seven-story, mixed-use building, upgrades to storefronts, walkways, lighting and landscaping and several new retailers.
The project is expected to be completed with new tenant openings by mid-2017. Demolition of a 150,000-square-foot space previously occupied by a Macy’s department store is underway to make room for the hotel and mixed-use building.
The Hyatt Hotel will be developed by Ensemble Real Estate Solutions from Long Beach, Calif.
“This will make Paseo Colorado more pedestrian-friendly and give it a modern, fresh look and feel that makes it more inviting to shoppers who are increasingly desiring an experience that involves shopping, dining and spending time with family and friends,” DDR spokesman Brandon Glen said.
