Search
 

$60M Project Taking Root in South LA

LOS ANGELES-The first major retail center built in South Los Angeles since the riots following the Rodney King decision in April 1992, Chesterfield Square is now 92% leased. NFL star Keyshawn Johnson is a partner in the development.

By Peter Landau | Updated on May 01, 2002

LOS ANGELES-Clearing another hurdle in the decade-long effort to rebuild the inner city following the 1992 riots, Chesterfield Square recently celebrated its successful lease up.

The $60-million, 250,000-sf commercial development, now 95% leased, is the first major urban destination retail center to be built in South Los Angeles since the violent aftermath of the Rodney King decision in April 1992. Chesterfield Square is located on 22 acres at Western and Slauson Avenues, 1.3 miles from Florence and Normandie, the recognized “flashpoint” of the civil unrest that killed 54 and caused $1-billion in property damage.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.