L Catterton Real Estate and QIC Global Real Estate have formed a partnership to reposition the former South Bay Galleria shopping mall into a mixed-use complex with hotel, office, apartments and retail. The renovation site is nearly 30 acres.

The Redondo Beach City Council approved the project earlier this year, and following approval, L Catterton acquired a 50% stake in the development.

The project will be retail focused, and the initial phase will feature commercial and accommodation space, improved transport and bicycle connections, and substantial public space.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.