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Signs of the Recovery

I thought this was an amazingly hopeful story: Former Home Depot in Milpitas to become Asian mall

Milpitas Planning Commission voted 6-0 March 11 to approve a conditional use permit allowing a Philippines-based developer to convert the former Home Depot Supply on Landess Avenue into a shopping mall with an Asian supermarket, retail, restaurant and office space.

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"We envision the center to be a one-stop center... anchored on food, shopping and dining," Dinna Bayangos, an Ayafafil Management LLC representative, told commissioners.

Bayangos said the center would be anchored by Seafood City, the largest full-service supermarket chain of its type in the United States that caters to the Asian
and Filipino market.


Here's some Wikipedia info:

With the decline in the housing market , however, median sales prices in Milpitas have declined from nearly $700,000 to less than $500,000, and single-family new house construction building permits have plummeted from a 2004 average price of $949,900 to $269,400 in 2007.


So, catering to the daily needs of immigrants bumps out a Dow stock that feasted on the unrealistic rise of home prices out of the location. I like what I see. We will come back.


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ABOUT ME

Daniel X. O'Neil: Chicago-based writer and internet developer. I am a co-founder of and the People Person for EveryBlock, a site that pulls together local news and public information. I run dozens of personal projects and websites for clients, and also own half of a poetry book company.

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EveryBlock: A news feed for your block.
CTA Tweet: Unofficial Twitter tracker for the Chicago Transit Authority.
CityPayments: Database of all vendors, contracts, and payments that have been posted by the municipal government of the City of Chicago
Wesley Willis Art: Site dedicated to the fact that Wesley Willis was an artist.
Wide Right Turn: An incomplete look at the role of variation in a capitalist society.

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