What’s Happening With Rosedale?

The long-running  soap opera featuring  Azusa, Glendora and the Monrovia Nursery has gone into stasis for the time being. Azusa had planned to build a complex community called Rosedale on the land formerly owned by the Monrovia Nursery, familiar to all residents who travel Sierra Madre Blvd.

Chalk another one up to the sub-prime crisis. Lacking ready capital, all developers, with the exception of Christopher Homes, have quietly folded up their tents and left the area. Some are trying to sell their parcels at bargain prices with no takers. Long story short–for now and into the foreseeable future, Rosedale is dead.  The epic battle royale between Azusa and Glendora is over–not with a knock out or even a technical–it’s been called off altogether. Come back in three years, the hiatus may be over.

As for Sierra Madre Blvd,  closed for quite some time, will be finished with developers’ funds.   The City of Azusa wisely had required the funds deposited before any construction could begin. A few other projects will get their funding as well, but that’s it.

 We may not see the beautiful bougainvillea back on the hillsides as in Monrovia’s time, but we will also forego the added traffic, pollution and congestion.

17 thoughts on “What’s Happening With Rosedale?

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  3. I just checked out Rosedale last week and was very excited to see building. There are new model homes opening in a few weeks and they’ve already been selling. So glad to see this happening and I’m looking forward to seeing what the homes look like. The floor prices seem pretty good, too.

  4. Pingback: 2010 in review « Diane’s Blog

  5. I recently moved to the area and have been looking for new communities. I drove up to Rosedale last week…beautiful view but it was a ghost town! No contruction, no sales associates, nothing! I heard that it is bank owned property now.

    My question (not being from the area) is this community still a good buy or a lost cause?

  6. Pingback: Rosedale, Azusa: Utterly Dead? | The Foothill Cities Blog

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