The development in central Glendale is also located about 1 mile from restaurants and retail, including Glendale Galleria. As GlobeSt.com previously reported, in April a comprehensive redevelopment project began for Glendale Galleria, a 1.5-million-square-foot super-regional shopping center here owned and managed by Chicago-based REIT General Growth Properties. Renovations for the center, noted for its consistently new and cutting-edge retail concepts, are expected to be completed by Fall 2013 and include construction of a 120,000-square-foot Bloomingdale’s store as the center’s new anchor. Larry Martin, senior general manager of the center, said at the time that the renovations will impart a more modern ambiance and enhanced shopping experience to the Galleria, adding “so many fantastic improvements and aesthetic updates.”

Timothy Sales, director of marketing and sales for HHP, tells GlobeSt.com that Doran Gardens is the first project for moderate-income homebuyers in Glendale and that the area is beginning to show signs of recovery. “Things are really picking up in the residential market here. There’s a lot less inventory—we’re down to three or four months of inventory—and we’re seeing units that are selling in reasonable date on market of 35-40 days. Spring has been a strong period for this area.”

Sales adds that the region has seen a price appreciation of about 3% over the last few months, which on a quarterly basis is a strong gain. “The combination of low supply and increased consumer confidence has driven up prices, and what’s available will go pretty quick.”