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L Catterton, QIC GRE Partner on South Bay Galleria Redev
Greenwich, CT-based L Catterton Real Estate (LCRE) and Australian investor QIC Global Real Estate formed a strategic partnership to jointly redevelop the nearly one-million-square-foot South Bay Galleria in Redondo Beach, CA. The team plans to transform the nearly 30-acre acre center at Artesia and Hawthorne Boulevards into an iconic retail-led, mixed-use destination.
A new development is envisioned that creates a true urban hub that delivers experiences and an environment the community values. The initial plans, which were co-created with the local community, include commercial and accommodation space, improved transport and bicycle connections, and substantial public space.
The plan for the revitalization incorporates a 150-room hotel, 300 apartment units, and 217,000 square feet for retail or office use. The developer anticipates starting the project in 2020 and completing it in 2023. LCRE acquired a 50% interest in the project, following development approval from Redondo Beach City Council in January 2019.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development




