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Why Pasadena:
Although Pasadena is best known as the host of the annual Tournament of Roses Parade and Rose Bowl football game, the City also boasts numerous cultural amenities, fine restaurants, top retailers, and major corporations that help Pasadena live up to the true meaning of its name—the Crown of the Valley.
For residents, all of this means that one can enjoy a quality of life that is second to none—natural scenic beauty, a vibrant cultural and academic environment, and lively nightlife in an architecturally rich setting.
For businesses, Pasadena offers an ideal environment for success—a central location with immediate freeway and airway access; a built-in, high quality client base; and world class amenities.
Development Projects in the Old Pasadena Area:
Many new adaptive reuse projects and new developments have been in the works in and around Old Pasadena. More than 500 new housing units have already been added in the last five years. The following is a list of pending projects in the future:
- Ambassador Campus
- Sares-Regis (East Campus) development and westgatepasadena.info
- Stats-On-The-Green
- The Raymond Theatre adaptive reuse
- Boston Building Rehabilitation & Addition
- Central Park Market at Del Mar Station
- De Lacey Flats Project
- Green/De Lacey Mixed Use
- Pasadena Place
Facts and Figures for Old Pasadena:
- City population: 136,237
- Number of property owners: 197
- Number of businesses: 516
- Annual retail sales: $177 million
- Commercial Uses: retail, service, office, industrial, housing, and entertainment
- Central District Workforce: 60,000
- Hotel Rooms Citywide: 2,500
- Hotel Occupancy Rate in 2004: 79.7%
- Population with College Education: 41.3%
- Largest Employers In or Adjacent to Old Pasadena: SBC 2,525, Huntington Hospital 3,000, City of Pasadena 1,825, Parsons Corporation 2,000, Bank of America 1,300, Kaiser Permanente 2,000
- Median Household Income: $46,012
Sources: http://www.oldpasadena.org/economic.asp
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