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$80M Shopping Center Comes to El Segundo

EL SEGUNDO, CA—The Point brings 12 new retailers to El Segundo, a great move in the city's effort to attract 100 new retailers before its 2017 centennial celebration.

By Kelsi Maree Borland | Updated on August 19, 2015

EL SEGUNDO, CA—The Point, an $80 million shopping center development in El Segundo from developer Federal Realty, has officially opened to the public. Known as the South Bay’s living room, the 115,000-square-foot project brings 12 new retailers to the burgeoning city. El Segundo is looking to attract 100 retailers to the market by its 2017 centennial celebration. This Point has helped bring the city to more than 30% of its goal.

“The Point is a regional destination, attracting visitors to El Segundo from throughout Southern California and beyond. Visually, the Point provides an iconic entryway to the City that makes a statement about the vibrancy and growth of our business community,” Greg Carpenter, city manager of El Segundo, tells GlobeSt.com. “The development team at Federal Realty has transformed a very challenging site that had been vacant and unattractive for a number of years into the new standard for retail development. From a revenue generation perspective, the Point will assist us in continuing to provide the high-quality public services that our community in known for.”    

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