Estimated Completion: 2024
Closed since 2014, these last 5 years have felt like decades for the local community. This location represents the heart of the San Pedro Business district and it’s closure has had a large impact on the restaurants, retail stores and local residents.
New life is being breathed into the property as the County of Los Angeles and Glenton Cockrum Partners work out the final details of what is hoped to be a strong catalyst to a reinvigorated downtown. Though not finalized, the original proposal includes 275 residential housing units, a grocery store and retail space.
“This project is a good fit for downtown San Pedro,” Hahn said in a statement. “Not only will it mean new apartments, retail space and a much-needed new grocery store in the heart of downtown, it lives up to our values and is both union funded and union built.”– Janice Hahn
Built on nearly 2 acres, most of the residential will be market rate rental units. 11% or roughly 29 units will be dedication to affordable housing. The grocery space, though desperately needed, comes at an interesting time considering there are already plans to include a grocery in the Rancho San Pedro redevelopment. It is yet to be seen how central San Pedro might support two grocery stores in such close proximity.
The County purchased this property in 2016 for $5.2 million with the plan to provide the developer a 55 year land lease at the end of which the County can either renew the lease or take back the property and change the management.
A final proposal should be out for public review in late September and will include community meetings and ask for support from the community, our Neighborhood Councils, the San Pedro Chamber of Commerce and Public Officials.