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Norwalk council approves second amendment to WALK/PrimeStore ground lease, adds City Hall-adjacent acreage and rent credits
Summary
Council approved resolution 25-52 authorizing a second amendment to the WALK (PrimeStore) ground lease, an easement adding roughly 5,615 sq ft adjacent to City Hall into the project premises, and a CC&Rs declaration; the amendment also applies rent credits to the first two years of payments to offset developer entitlement costs.
The City Council voted to approve resolution 25-52, authorizing a second amendment to the ground lease and related agreements for the Norwalk Entertainment District project (the WALK) with PrimeStore Norwalk Entertainment LLC.
Economic development staff described the site as approximately 13.2 acres at the southeast corner of Imperial Highway and Norwalk Boulevard, with a planned mix of uses that staff summarized as roughly 374 residential units, about 94,000 square feet of commercial space and a 119,000-square-foot ground-floor…
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