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Manarino, IRG Moving on $170M NASA Redo

DOWNEY, CA-The companies are leading a new charge to redevelop the former space vehicle factory into a 1.5-million-square-foot mixed-use site with office, retail and a hotel.

By Robert Carr | Updated on May 21, 2012

DOWNEY, CA-A joint venture of Manarino Realty LLC and Industrial Realty Group are moving forward  on a $170 million plan for a mixed-use redevelopment of the former NASA Apollo command and space shuttle factory property here. The 77-acre project has been dubbed Tierra Luna Marketplace.

The project will total 1.5 million square feet, and will include two big-box stores, a 14-screen movie theater, a 225-room hotel, restaurants and dozens of other retailers, as well as a 42,000-square-foot sports club. Also included will be up to 500,000 square feet of office, most of it for medical use, and a fire station.

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