Harridge Development Group is moving forward with a redevelopment of the 42-acre Baldwin Hills Crenshaw Plaza in South Los Angeles, which was one of the first regional malls to be built in the US.
The company has filed plans to redevelop a portion of the property into a 647K SF mixed-use complex that will include 636 apartment units and a grocery. The plans call for two apartment buildings, of which 64 units will be designated as affordable.
Harridge bought the property in 2021 for $111M from Capri Capital Partners. Capri acquired the mall in 2006 for $136M; in 2018, Capri received approval for a major redevelopment that was planned to include 1,000 housing units and a 400-room hotel.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
