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Redevelopment Agency Approves $125M Retail Project

LOS ANGELES, CA-Marlton Square, which still needs approval from the City Council, would include a 140,000-sf community shopping center, 140 single family detached homes and 180 affordable senior apartment units.

By Bob Howard | Updated on August 02, 2002

LOS ANGELES, CA-The Los Angeles Community Redevelopment Agency approved the $125 million Marlton Square shopping center and housing development Thursday (Aug. 1), clearing the way for a vote on the project later this month by the Los Angeles City Council.

The redevelopment agency agreed to allocate $42.5 million in public funds to the 22-acre development, which is at the site of the former Santa Barbara Plaza in the city’s Crenshaw district, next to the Baldwin Hills-Crenshaw Plaza Mall.

A joint venture between Capital Vision Equities of Los Angeles and football star Keyshawn Johnson’s Keyshawn Capital Development LLC, Marlton Square will include a 140,000-sf community shopping center, 140 single family detached homes, 180 units of affordable senior apartments and 1.8 acres set aside for a park or other public use.

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