AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREPettersson scores another winner, Canucks beat Kings“It is involving potential litigation and potentially the sale and purchase of property,” said Interim City Manager Adolfo Reta. The city along with developer Magnus Sunhill have acquired almost all the property needed to move forward with the large scale development project. But development has been stalled since a series of lawsuits were filed. The city filed an eminent domain lawsuit in October against property owners Pin Zu Wu and V.H.D. Investment. V.H.D. investment, Wu, and Bill Chang, who owns the apartments at 150 S. Garfield Ave., filed an open-meeting lawsuit saying the city authorized eminent domain without properly notifying the public. In January, Wu and V.H.D. Investment filed a separate lawsuit against the city for allegedly violating the provisions of the California Environmental Quality Act. Calls to Wu’s attorney, Robert Silverstein, were not returned. Once the lawsuits are out of the way, progress can be made on the development. “At this point, they have only one more property to go,” said economic development director Margarita Cruz. Ultimately, the project will consist of 109 condominiums and nearly 71,000 square feet of commercial space. Ray Wan, the project manager for developer Magnus Sunhill, said retail interest has been significant. The location, Wan added, is “great.” “It is in the heart of downtown,” Wan said. The project will feature restaurants, stores and condos. If the project continues, 16 families who now live in apartments, and 11 business owners will need to be relocated. The city has developed a relocation plan, which was released in March. The total relocation cost is projected at $2 million, which will be paid for by the developer, Magnus Sunhill Group, who has so far negotiated with three of five property owners. This is the second significant mixed-use project in the city. The Atlantic Times Square, slated to be open 2009, is currently under construction, Cruz said. firstname.lastname@example.org (626) 962-8811, Ext. 2477 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! MONTEREY PARK – A lawsuit that has stalled a multi-million dollar redevelopment project is on the brink of being settled, officials said. The Monterey Park City Council at a special meeting today will discuss negotiations about the last remaining property that needs to be acquired before moving forward with the Monterey Park Towne Centre. The two-acre, $38 million redevelopment project will be built at the southeast corner of Garvey and Garfield avenues. City officials would not elaborate on the specifics of the negotiations.