Good news for Palos Verdes Peninsula residents. There is a new banner (shown above) on the former Golden Lotus Restaurant site in the Golden Cove Center indicating Trader Joe’s may be coming to Rancho Palos Verdes after all. The initial plans were scrapped after the landlord decided to rescind his application with the city of Rancho Palos Verdes after some neighbors complained.
However, the Peninsula News reported “Many residents have expressed disappointment with the discontinued plans to bring a Trader Joe’s market to Rancho Palos Verdes…However, a banner spotted on the property on Thursday shows signs of hope. After talks with RPV officials, Paris Zarrabian, manager of the Golden Cove LLC, said he decided to move forward with a revised project – the proposed grocery store will remain at the current height of the Golden Lotus, and the square footage will be reduced from 13,000 square feet to 11,000. The flags will go up within weeks, and a Planning commission hearing is tentatively set for Dec. 9. If all goes well, Zarrabian said the developer will break ground next spring.”
It will be fabulous to have our own Trader Joe’s. Let’s hope the plans are approved this time. By the way, at the bottom of the banner it says, “For more information call 310-930-3505 or 805-373-1133.
