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California  + Los Angeles  + Retail  | 

Capri’s $700M Baldwin Hills Crenshaw Plaza Redev Approved

Capri Investment Group secured Los Angeles Planning Commission approval to move forward on a $700-million redevelopment of Baldwin Hills Crenshaw Plaza in South Central Los Angeles. The Chicago-based real estate investment firm plans to expand and revitalize the 870,000-square-foot shopping mall, including adding a mix of uses next to a new Metro train station.

The proposed 43-acre project would add 961 condos and apartments, a new 400-room hotel, a 10-story office building, retail stores and restaurants in an open-air retail village. Additionally, Capri envisions expanding the plaza’s size to more than three million square feet.

The redevelopment could serve as a cornerstone to rejuvenate Crenshaw Boulevard, though the project must obtain final approval from the Los Angeles City Council. Capri has owned the urban mall since 2006 on behalf of institutional investors, and has worked to secure redevelopment entitlements for eight years.

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Read more at Black EnterpriseConnect With Capri’s Quintin E. Primo III

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.