Construction of the 1.8-million-sf project will begin by the middle of next year, officials at Los Angeles-based Lowe say. Called The Exchange, it will rise on the former aerospace plant's 104-acre site at Crenshaw Boulevard and the Century (105) Freeway.
The master plan for the development was approved by the Hawthorne City Council earlier this week. It calls for construction of a 260,000-sf retail center that will be anchored by a Lowe's Home Improvement Warehouse, the North Carolina-based chain that is unrelated to the development company.
Lowe Enterprises also will redevelop some of the existing buildings on the site to create 375,000 sf of office space and 260,000 sf of R&D space. Another 600,000 sf of industrial and warehouse space—about half of which will be used as a data center by AT&T —will be built from scratch.
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