The Fairview Heights Apartments, will replace an LA County office building right north of Edward Vincent Jr. Park (didn’t that used to be called Centinela Park??) along Florence Blvd. Located at 923 E. Redondo Boulevard, two four-story structures consisting of 101 apartments are being erected. The project is aimed at low-income and formerly homeless persons and will offer 5,000 square feet of ground-floor commercial space.
The units are a mix of one-, two-, and three-bedroom apartments and are priced for households earning at or below 30, 50 and 80 percent of the area median income, corresponding to annual incomes ranging from as low as $14,616 to as much as $56,904. Rents for the apartments will range from $609 per month to $2,371 per month. However, the application period for the building has already closed, according to a landing page on the National CORE per Urbanize.
The $53-million development will is slated to open soon.
Want to walk on the moon, well a replica of it? You soon will be able to, in Vegas for $500. Vegas latest resort addition will be a giant size moon replica hosting an outer space theme. The 5.5 million-square-foot structure will be 735 feet tall and 650 feet wide. The “moon” will sit on a three-floor platform. The pricing per night will be competitive with other comparable hotels but actually to take in the outer space experience that’s going to run you $500. The resort will host an Outer Space themed night club, a moon ride, a theater, a 500 Square Foot Convention, 193,000-square-feet of lagoons and other aquatic components, amongst other amenities.
The budget is $5 billion and is projected to bring in $1.8 billion a year with about $500 million yearly profit (EBITDA). It will employ about 6,500 once operational, according to the press release. The massive resort is currently under construction and slated to be completed 2027
Dorset Village is slated for a mass redevelopment project with an expected completeion of 2024. The eight acre sight is proposed to host a total of 782 residential units reserved as low-, very low-, and extremely low-income affordable housing. The project would consist of studio, one-, two-, and three-bedroom apartments – ranging in size from 576 square feet to 1,472 square feet.
The Village was built in the 1940s at 3100 W. Slauson Avenue, as of garden style apartment complex consisting of 206 residential units in 26 two-story buildings. An application submitted by Greene to the Planning Department in May 2019 calls for razing all existing structures on the eight-acre site, making way for the construction of 782 residential units in a series of buildings standing as tall as seven stories.
The on-site subsidized housing, as well as the property’s proximity to a Crenshaw/LAX Line station a block west, would make the project eligible for Transit Oriented Communities development incentives, allowing for increased height and density.
Greene is also planning up to 700 structured parking spaces and nearly 87,000 square feet of open space in the form of a large courtyard, a swimming pool, a recreation center, a sand volleyball court, outdoor basketball courts, and a community pocket park.
If you haven’t heard yet, than you feel it doesn’t apply to you, or you been living under a rock but Bruces Beach has been returned to its rightful owners, the decedents of the family. This is a huge step in the right for directions for other families displaced and robbed of generational wealth by the **cough**racism**cough, damn that COVID.
An African American couple named Charles and Willa Bruce, owned this land a century ago. The couple built a beachfront resort called Bruce’s Beach Lodge in 1912 and welcomed Black beachgoers with a restaurant, a dance hall, and changing tents with bathing suits for rent.
But the Bruces were run out of Manhattan Beach and forced to shut down their successful resort. Their property was seized by the city, and they lost their fortune. For years, the land was owned by the county of Los Angeles — until last month, when California passed a law that allowed the property to be transferred back to the couple’s descendants.
By 1924, Manhattan Beach city officials invoked eminent domain, claiming the city would build a public park over 30 lots, including the Bruces’ land and four other lots owned by African American families.
A group called the Land Loss and Reparations Research Project, which is trying to put an economic value on agricultural land unjustly taken from Black farmers over the last hundred years.
“Our research team has come up with a preliminary estimate of $300 billion,” Mitchell says, noting that it only accounts for the farm land itself. “We’re also going further and saying that as a result of losing this land, we lost the ability to benefit from the land ownership in terms of families getting loans to send their children to college, which then has a negative impact on economic mobility — and that’s just Black farmers.”
The historic Bruce’s Beach case is inspiring social justice leaders and reparations activists to fight for other Black families whose ancestors were also victims of land theft in the United States.Article continues after sponsor message.
Black and Brown People that work in coffee may have received disproportionate access to education, information and opportunities. There will be a panel made up of people that have worked their way up and through all of that coming together to share experience and insight for how to improve access for others. I got a little abstract I can share w/ you.
Please register and participate! Coffee professionals from all along the supply chain and gifted college students will be working towards equitable access to education and information in the coffee industry for all.
Tax Benefits that Incentivize ACCESS TO CAPITAL Qualified Opportunity Zones 101
Join this in-depth conversation with experts who will provide examples of ways to leverage the tax benefits regarding Opportunity Zone Incentivizes for High Growth Businesses and Real Estate Projects.
During this session, you will learn how the Opportunity Zone incentive can benefit you by attracting capital to your emerging and growing businesses. This program is an overview that clarifies the purpose, regulatory structure, investor tax incentives, community & DEI impact, and capital access benefits for qualifying businesses and real estate projects. The subject matter is somewhat technical, but the results are worth it as the Opportunity Zone incentive is driving private capital into areas of the country that have been capital starved for generations.
OPPORTUNITIES ============
Lightbox: Customer Success Manager – Fully Remote hiring now
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He says, “Historically, systems and institutions have not engaged with the Black community in ways that have been fair to the Black community.”
Gross and his group of investors offered $110 million to purchase the shopping center. A mall Gross considers dear to his heart because it’s in the community he grew up in.
It’s 42 acres in the heart of South Los Angeles. It’s the last majority-Black neighborhood. I saw this as an opportunity to do something that could be profound and perception shifting for the hundreds of thousands of people from that community who are still looking for something to hold on to,” says Gross.
But shortly after offering the bid for $110 million, Gross got some bad news.
“We were told that we were $2 million shy of the winning bid. That same day, we resubmitted a bid for $120 million,” says Gross.
Earlier this month, SoLa Impact,a Los Angeles-based developer, submitted an application to the Department of City Planning seeking entitlements for the construction of a mixed-use apartment complex at 4605-4641 S. Crenshaw Boulevard. The proposed project would replace six existing buildings – containing more than 60,000 square feet of retail space and four apartments – with a new seven-story edifice featuring 195 studio, one-, and two-bedroom apartments above subterranean parking for 114 vehicles.
Requested entitlements for the project include Transit Oriented Communities incentives, which the property is eligible for due to its location near the future Crenshaw Line stop. In exchange for bonus floor area and density, among other incentives, 22 of the new apartments would be set aside as deed-restricted affordable housing at the extremely low-income level.
Baldwin Hills Crenshaw Mall was sold to Harridge Development Group for $111 Million.
For those who believe gentrification still doesn’t exist please explain how a predominantly black South LA community group was able to raise $115 million to buy Crenshaw Baldwin Hills Mall but lost the bid to a non-black, non-local developer who raise less then they did. DWS recently awarded the bid to Harridge Development Group, who appears to specialize in large-scale mixed-use projects throughout Los Angeles. Supposedly Harridge won the bid with financial backing from Russian American billionaire oil tycoon, Leonard Blavatnik but without his backing DCR had the highest bid. Harridge Development Group bought the mall from a Chicago private equity fund for about $111 million. Now they also bought the neighboring Macy’s building, which I guess is considered separate from the mall for an additional $30 Million, so some argue that’s what tilted the scale to Harridge.
The South LA community group known as Downtown Crenshaw Rising stated that DWS favored a non-black, non-local developer, which caused many race question in regards to areas of gentrification. The DCR was able to raise $59.5 million on top of $35 million in philanthropy that was already in their bank account. DCR wanted to build affordable housing, job train programs, a 6 acre park daycare, recording studio, and a production district with theater and a permeant home for us South LA food Co-Op. the proposal also included a hotel, restaurant, office space, and educational space. Even with a solid plan for the space and the highest bid this year, they still lost a bidding war. DCR is strongly worried about the gentrification is more displacing the black on businesses of the area.
“This is our top priority. We are working tirelessly to get this project done. We are listening. We value yourpartnership throughout this process and going forward. We really believe the Crenshaw/LAX, once opened, will be a jewel that everyone will be proud of – the community, businesses and residents alike.”
Stephanie Wiggins, CEO of LA Metro
Stephanie Wiggins, CEO of LA Metro
The route consist of eight stations, four at-grade and three underground. The Expo/Crenshaw, Martin Luther King Jr. and Leimert Park Stations are underground, there was at one time talk about building a entrance to the Baldwin Hills Crenshaw Mall. The train starts at the Aviation station on the Green Line, now the “C Line” passes by LAX, into Westchester, Inglewood, Hyde Park, Crenshaw’s Park Mesa Community and ends at the Expo line.
On October 1, the Crenshaw/LAX Line initiated Photo Enforcement Program, which aims to reduce train and vehicle collisions and improve safety on the boulevard for motorists and pedestrians. Motorists who disobey traffic signals will be cited an average cost of $100 along with penalties and assessments. Cameras will be monitoring left-turn movements crossings on Crenshaw Blvd, so beware!
