The Alamitos Heights Improvement Association sent out a notice yesterday regarding the property on 7th Street. The property is home to the Original Grind and, the old Liquor store.
Supposedly, Newport Beach Developer, Frontier Real Estate Investments out of Newport Beach is planning to develop the property. Per the Public Hearing notice (2014 Jan city notice of 7th Flint renovate permit process-3 (3)), they plan to construct a single story, 1,889 sf fast food restaurant.
Rumor has it, that it could be a Dunkin Donuts (NASDAQ: DNKN). Dunkin is planning a major push into the California Market. See the Press release from Dunkin Donuts (click on the picture for the link.) 
While I was taking the picture above, I ran into Jeff Gritchen, Chief Photographer for The Long Beach Register . They will be running a full story on Dunkin Donuts tomorrow, be sure to check it out.
Jeff also has a great blog called Long Beach Seen with almost daily photos from around Long Beach.
If you are thinking about selling your house, and would like to know the current market value, call or email me. If you know someone who wants to move to our wonderful neighborhood, call me, I would be happy to help find them a home. Remember, I am a Long Beach Real Estate Agent, Certified Appraiser, and a resident of Alamitos Heights, Long Beach. I know values. Call me for all your Real Estate needs 562-673-1138