Post by news on Dec 18, 2004 20:00:22 GMT -8
Rock pit conversion will take six years
By Marianne Love , Staff Writer
IRWINDALE -- A real estate investment group has bought a 77-acre quarry with intentions to build a commercial development in about six years.
The former United Rock Pit No. 1, adjacent to the west side of the San Gabriel River (605) Freeway between Live Oak Avenue and Arrow Highway, will be the fourth quarry in recent years to be filled and developed.
It was purchased by Irwindale Partners for an undisclosed amount, said United Rock attorney Stewart Fuhrmann.
The reclamation rights have been leased to a subsidiary of Waste Management Collection and Recycling Inc., said Ray Andersen, director of market development for Waste Management.
Andersen said the Dec. 10 transaction sets the stage to move the company's operations from the Nu-Way Live Oak Reclamation pit across the 605 F reeway into the new unnamed quarry.
"We think we can implement the Irwindale City Council's and its staff's vision to fill the (former United Rock) pit (No. 1) in a timely manner and bring the site to market for development purposes,' Andersen said.
The pit will be filled with dirt, concrete and other "clean materials.'
At one time it was expected to take 15 more years to fill the pit, but that has been pared down considerably because Irwindale Partners is allowing Waste Management to fill it because the company has plenty of experience and knows how to fill the pits quicker, city officials said.
"It's pretty exciting,' said Irwindale Councilwoman Rosemary Ramirez.
Developing quarry sites has been done before in Irwindale.
The Irwindale Speedway was the first project built on a major quarry pit in the city in March 1999.
Another was turned into the Irwindale Business Center, a multimillion-dollar retail and industrial complex on Irwindale Avenue and Arrow Highway, which is in its final stages. The entire center is occupied.
And Nu-Way Live Oak Reclamation pit, the one Waste Management has just about filled, is expected to be ready for development next summer, Andersen said.
"The new pit is to begin filling as we speak. If all things go well, we'll be winding down and finalizing operations at Nu- Way by early summer and ramping up at United Rock Pit No. 1 during the same time,' Andersen said.
Irwindale is in the enviable position of having available land with freeway visibility, which surveys say is seen by 200,000 drivers each day.
-- Marianne Love can be reached at (626) 962-8811, Ext. 2108, or by e-mail at marianne.love@sgvn.com .
www.sgvtribune.com/Stories/0,1413,205%257E12220%257E2605219,00.html
By Marianne Love , Staff Writer
IRWINDALE -- A real estate investment group has bought a 77-acre quarry with intentions to build a commercial development in about six years.
The former United Rock Pit No. 1, adjacent to the west side of the San Gabriel River (605) Freeway between Live Oak Avenue and Arrow Highway, will be the fourth quarry in recent years to be filled and developed.
It was purchased by Irwindale Partners for an undisclosed amount, said United Rock attorney Stewart Fuhrmann.
The reclamation rights have been leased to a subsidiary of Waste Management Collection and Recycling Inc., said Ray Andersen, director of market development for Waste Management.
Andersen said the Dec. 10 transaction sets the stage to move the company's operations from the Nu-Way Live Oak Reclamation pit across the 605 F reeway into the new unnamed quarry.
"We think we can implement the Irwindale City Council's and its staff's vision to fill the (former United Rock) pit (No. 1) in a timely manner and bring the site to market for development purposes,' Andersen said.
The pit will be filled with dirt, concrete and other "clean materials.'
At one time it was expected to take 15 more years to fill the pit, but that has been pared down considerably because Irwindale Partners is allowing Waste Management to fill it because the company has plenty of experience and knows how to fill the pits quicker, city officials said.
"It's pretty exciting,' said Irwindale Councilwoman Rosemary Ramirez.
Developing quarry sites has been done before in Irwindale.
The Irwindale Speedway was the first project built on a major quarry pit in the city in March 1999.
Another was turned into the Irwindale Business Center, a multimillion-dollar retail and industrial complex on Irwindale Avenue and Arrow Highway, which is in its final stages. The entire center is occupied.
And Nu-Way Live Oak Reclamation pit, the one Waste Management has just about filled, is expected to be ready for development next summer, Andersen said.
"The new pit is to begin filling as we speak. If all things go well, we'll be winding down and finalizing operations at Nu- Way by early summer and ramping up at United Rock Pit No. 1 during the same time,' Andersen said.
Irwindale is in the enviable position of having available land with freeway visibility, which surveys say is seen by 200,000 drivers each day.
-- Marianne Love can be reached at (626) 962-8811, Ext. 2108, or by e-mail at marianne.love@sgvn.com .
www.sgvtribune.com/Stories/0,1413,205%257E12220%257E2605219,00.html