Merchants, shoppers returning to quaint Montrose retail area. (Montrose Shopping Park)(Special Report: Real Estate)

Los Angeles Business Journal | October 20, 1997| | Copyright

A few years ago, Montrose Shopping Park looked like it might become a ghost town.

Stores - and shoppers - had started abandoning the three-block-long shopping area with quaint, tree-lined streets for the Glendale Galleria. which opened in the early 1980s.

By 1989. anchor store JC Penney pulled out. As the recession kicked in, store vacancy rates hit 12 percent, according to Robert Vafaie of Dilbeck Realtors-Robert Vafaie & Associates.

Properties remained vacant for months on end.

But a funny thing happened on the way to obsolescence: Montrose ...

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