Commercial, LP is a limited partnership that was formed to own and to
redevelop 908 to 940 E. Colorado, Pasadena, California, into an upscale,
limited service boutique hotel and new 5 story retail / office building.
Park Place Commercial’s General Partner, represented by Singpoli Pacifica,
has more than 20 years of experience in commercial real estate construction
and development. The company’s directors, all with development and
construction experience, include a general contractor, an architect, an
attorney, a real estate broker, and an accountant. The synergy created by
this group of professionals; each with their area of expertise, has been key
to achieving the anticipated project milestones to date and will facilitate
the timely and successful completion of the project.
property contains a historical 7-story hotel and attached single story
retail space. While the 7-story hotel will be renovated, the single story
retail structure will be demolished to construct the new retail / office
existing seven story hotel was constructed in 1926 and named
The Hotel Constance.
1920-1930 was considered Pasadena’s Golden Age. Through the end of the
1920's, Pasadena continued to enjoy a reputation as a tourist center and
winter resort for the wealthy. About this same time period, the historic
Central Library, City Hall, and Civic Auditorium were also constructed.
However, from 1930-1970, Pasadena experienced challenges of the depression
and the gradual decline as experienced by many urban areas in the United
States during this period. Since the 1970’s, Pasadena has roared back to
its former glory days as the city center has been actively restored and
redeveloped. Today, Pasadena is considered one of the premier Cities in the
Los Angeles area.
The New Hotel Constance
good old days are here again. The existing, dilapidated seven story
structure, the old Hotel Constance, will be renovated into an upscale
limited service boutique hotel. It is our plan to preserve the history of
the old Hotel Constance and to bring back the former glory of the hotel to
the east side of Pasadena.
Mixed-Use Retail and Office Building
new retail/office building will consist of three stories of below grade
parking and five stories above grade retail and office space. Once
completed, this site will become one of the premier retail and office
developments due to the proximity to Lake and Colorado, the center of
Pasadena’s business district. The hotel, office and retail / restaurant
spaces will be complimentary uses and be mutually beneficial. Furthermore,
the hotel will provide much needed rooms for the central business district.