LOS ANGELES-Retail giant Sears Roebuck & Co. says it will begin construction in July of a 250,000-sf retail store in Boyle Heights, the first major retail project to rise in the economically depressed community in more than two decades.
Three floors of Sears’ former catalog distribution center will be gutted to make room for the new store. It will boast 45,000 sf more of retail space than the area’s current Sears store, which is attached to the empty, 10-story catalog distribution complex. Completion is slated for August 2002.
The entire Sears tract, which is owned by Scottsdale, AZ-based developer Univest, has been targeted for redevelopment into a retail and office complex that would encompass more than 1 million sf. Univest is already in negotiations that could bring a Super Kmart store to the site, and spokesman for the developer says.