RARE MIXED-USE THE TRI NGLE DEVELOPMENT OPPORTUNITY at South Market Place IN THE REVITALIZED CITY OF INGLEWOOD
BARBARA ARMENDARIZ President & Founder CalDRE #01472088 213.266.3333 x404 501, 509 & 513 S LA BREA AVE [email protected] 425, 451, 467 & 475 S MARKET ST
This conceptual design is based upon a preliminary review of entitlement requirements INGLEWOOD, CAand on unverified 90301 and possibly incomplete site and/or building information, and is EAST HILLCREST BLVD + SOUTH LABREA AVE PERSPECTIVE intended merely to assist in exploring how the project might be developed. Signage PAGE THE TRIANGLE AT S. MARKET PLACE 05.07.2020 shown is for illustrative purposes only and does not necessarily reflect municipal 3 code compliance. All colors shown are for representative purposes only. Refer to INGLEWOOD, CA - LAX20-0000-00 material samples for actual color verification. DISCLAIMER All materials and information received or derived from SharpLine Commercial Partners its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation THE TRI NGLE or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial at South Market Place performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters. TABLE of CONETNTS Neither SharpLine Commercial Partners its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of Executive Summary 03 its own due diligence to determine these and other matters of significance to such party. SharpLine Commercial Partners will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. Property Overview 05 EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate Conceptual Renderings 11 third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. SharpLine Commercial Partners makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Area Demographics 15 SharpLine Commercial Partners does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can Area Overview 16 be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. South Market Place 20 Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party Major Developments 23 with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by SharpLine Commercial Partners in compliance with all applicable fair housing and equal opportunity laws.
Exclusively Listed by: BARBARA ARMENDARIZ President & Founder CalDRE #01472088 213.266.3333 x404 [email protected] THE TRI NGLE at South Market Place
EXECUTIVE SUMMARY
SharpLine Commercial Partners (SharpLine) is pleased to exclusively present the opportunity to acquire The Triangle at South Market Place. The property is strategically located a half mile from Hollywood Park, the Forum and the recently approved Rams Stadium. The Triangle at South Market Place is approximately ±1.21 acres located within the Transit Oriented Development zoning of Inglewood. The TOD Mixed-Use 1 zone provides for larger-scale development at a higher density. The ideal uses include retail, services or public-serving office on the ground floor and residential, office, hotel or institutional on the upper floors.
Centrally located in the heart of Inglewood, the project is only half a mile away from Hollywood Park, the Forum and with close proximity to the newly approved 298 acre Stadium. Hollywood Park is a hub for entertainment, cultural and recreational activities that will attract people from all over Los Angeles. The Forum is a world-class entertainment venue which draws up to 17,000 people to the edge of Downtown for each of the many concerts held there.
PURCHASE PRICE: BEST OFFER
3 INGLEWOOD, CA www.SouthMarketPlace.com PROPERTY OVERVIEW
S LA BREA AVE
E HILLCREST BLVD BLVD HILLCREST HILLCREST E E
S MARKET ST THE TRI NGLE at South Market Place
PROPERTY DETAILS
PROJECT ADDRESSES
No. Adress APN Land Size
1 501 S La Brea Ave 4021-021-001 9,634 SF
2 509 S La Brea Ave 4021-021-002 11,006 SF
3 513 S La Brea Ave 4021-021-005 8,967 SF
4 425 S Market St 4021-021-010 10,364 SF
5 451 S Market St 4021-021-008 5,617 SF
6 467 S Market St 4021-021-006 7,238 SF
TOTAL ESTIMATED LOT AREA ±52,826 SF ±1.21 ACRES
1 5 4 E Hillcrest Blvd
6 2 S Market St 3 S La Brea Ave
5 INGLEWOOD, CA www.SouthMarketPlace.com THE TRI NGLE at South Market Place
ZONING DETAILS
TOD MIXED-USE 1 - provides for larger scale transit oriented development at a higher density. Uses should be mixed with retail, services, or public- serving office on the ground floor and residential, office, hotel or institutional on the upper floors.
HOSPITALITY
OFFICE
MULTI-FAMILY Conceptual Design by
6 INGLEWOOD, CA www.SouthMarketPlace.com
This conceptual design is based upon a preliminary review of entitlement requirements and on unverified and possibly incomplete site and/or building information, and is SOUTH MARKET STREET PERSPECTIVE intended merely to assist in exploring how the project might be developed. Signage PAGE THE TRIANGLE AT S. MARKET PLACE 05.07.2020 shown is for illustrative purposes only and does not necessarily reflect municipal 4 code compliance. All colors shown are for representative purposes only. Refer to INGLEWOOD, CA - LAX20-0000-00 material samples for actual color verification. THE TRI NGLE at South Market Place
PROPERTY HIGHLIGHTS
• Excellent opportunity to develop a mixed-use project • Build approximately 6 stories high or 80 feet • ±1.21 Acre Transit Oriented Development • Located at the intersections of S Market St, S La Brea Ave and E Hillcrest • Zoned TOD Mixed Use 1 – Transit Oriented District • High traffic intersection • Zoning allows for hospitality, office, residential and retail uses • 12 minute drive to LAX • Dense Urban Infill Location • Excellent street frontage and visibility • Property is strategically located 0.5 miles away from • Over 280,000 people within a 3 mile radius Hollywood Park and the Forum • Easy access to prime Los Angeles shopping, dining, and entertainment areas
El Segundo LAX Playa Del Rey Venice Santa Monica Brentwood
S La Brea Ave
E Hillcrest Blvd
S Market St
7 SHARPLINE www.SouthMarketPlace.com THE TRI NGLE at South Market Place 1.0 10.0 4.1 MAJOR AREA MILE TO STADIUM MILES TO DTLA MILES TO LAX RETAILERS
NEW LA RAMS STADIUM LAX SUBJECT SITE
THE FORUM
Locust St ®
La Brea Ave Market St
Florence Ave
Hillcrest Blvd
8 SHARPLINE www.SouthMarketPlace.com THE TRI NGLE at South Market Place
SUBJECT LOCATION
W Manchester Blvd
SUBJECT SITE Manchester Blvd
E Hillcrest Blvd
E Spruce Ave 0.75 MILES TO THE FORUM
Pincay Dr S Prairie Ave
1.0 MILE TO THE NEW STADIUM
S La Brea Ave
STADIUM
W Arbor Vitae St 1.5 MILES TO HOLLYWOOD PARK HOLLYWOOD 1.5 MILES TO
9 SHARPLINE www.SouthMarketPlace.com THE TRI NGLE at South Market Place
REGIONAL MAP
HOLLYWOOD
WEST HOLLYWOOD 13.2 MILES TO DODGER BEVERLY HILLS STADIUM WESTWOOD
10.0 MILES TO DOWNTOWN LA EAST LA
CULVER CITY
SANTA MONICA 10 MILE RADIUS
10 MILES TO COMMERCE VENICE BEACH SUBJECT 5 MILE RADIUS SITE 3 MILE RADIUS
1 MILE RADIUS 1.0 MILE TO 4.1 MILES TO RAMS STADIUM LAX
EL SEGUNDO
MANHATTAN 10 SHARPLINE BEACH www.SouthMarketPlace.com THE TRI NGLE at South Market Place
CONCEPTUAL RENDERINGS
EAST HILLCREST BLVD PERSPECTIVE Conceptual Design by
This conceptual design is based upon a preliminary review of entitlement requirements and on unverified and possibly incomplete site and/or building information, and is EAST HILLCREST BLVD PERSPECTIVE intended merely to assist in exploring how the project might be developed. Signage PAGE THE TRIANGLE AT S. MARKET PLACE 05.07.2020 11 INGLEWOOD, CA shown is for illustrative purposes only and does not necessarily reflect municipal 2 code compliance. All colors shown are for representative purposes only. Refer to INGLEWOOD, CA - LAX20-0000-00 www.SouthMarketPlace.com material samples for actual color verification. THE TRI NGLE at South Market Place
CONCEPTUAL RENDERINGS
EAST HILLCREST BLVD + SOUTH LABREA AVE PERSPECTIVE Conceptual Design by
This conceptual design is based upon a preliminary review of entitlement requirements and on unverified and possibly incomplete site and/or building information, and is EAST HILLCREST BLVD + SOUTH LABREA AVE PERSPECTIVE intended merely to assist in exploring how the project might be developed. Signage PAGE 12 INGLEWOOD, CA THE TRIANGLE AT S. MARKET PLACE 05.07.2020 shown is for illustrative purposes only and does not necessarily reflect municipal www.SouthMarketPlace.com 3 code compliance. All colors shown are for representative purposes only. Refer to INGLEWOOD, CA - LAX20-0000-00 material samples for actual color verification. THE TRI NGLE at South Market Place
CONCEPTUAL RENDERINGS
SOUTH MARKET STREET PERSPECTIVE Conceptual Design by
This conceptual design is based upon a preliminary review of entitlement requirements and on unverified and possibly incomplete site and/or building information, and is SOUTH MARKET STREET PERSPECTIVE intended merely to assist in exploring how the project might be developed. Signage PAGE THE TRIANGLE AT S. MARKET PLACE 05.07.2020 13 INGLEWOOD, CA shown is for illustrative purposes only and does not necessarily reflect municipal www.SouthMarketPlace.com 4 code compliance. All colors shown are for representative purposes only. Refer to INGLEWOOD, CA - LAX20-0000-00 material samples for actual color verification. THE TRI NGLE at South Market Place
CONCEPTUAL RENDERINGS
EAST HILLCREST BLVD ELEVATION
This conceptual design is based upon a preliminary review of entitlement requirements and on unverified and possibly incomplete site and/or building information, and is EAST HILLCREST BLVD ELEVATION intended merely to assist in exploring how the project might be developed. Signage PAGE THE TRIANGLE AT S. MARKET PLACE 05.07.2020 shown is for illustrative purposes only and does not necessarily reflect municipal Conceptual Design by 5 code compliance. All colors shown are for representative purposes only. Refer to INGLEWOOD, CA - LAX20-0000-00 material samples for actual color verification.
14 INGLEWOOD, CA www.SouthMarketPlace.com THE TRI NGLE at South Market Place
AREA DEMOGRAPHICS
Population: 1 Mile 2 Miles 3 Miles 2024 Projection 43,761 160,317 291,235 2019 Estimate 43,335 158,504 287,480 2010 Census 42,455 153,856 276,527 Growth 2019-2024 0.98% 1.14% 1.31% Growth 2010-2019 2.07% 3.02% 3.96%
Households: 2024 Projection 14,658 53,174 99,417 2019 Estimate 14,505 52,496 98,154 2010 Census 14,159 50,568 94,589 Growth 2019 - 2024 1.05% 1.29% 1.29% Growth 2010 - 2019 2.44% 3.81% 3.77%
Income: 2019 Avg HH Income $53,482 $69,014 $73,716 2019 Med HH Income $42,711 $50,057 $52,755
Work Type: Total Businesses 1,739 4,540 9,706 Number of Employees 14,295 47,351 102,899
Conceptual Design by
15 INGLEWOOD, CA www.SouthMarketPlace.com
This conceptual design is based upon a preliminary review of entitlement requirements and on unverified and possibly incomplete site and/or building information, and is EAST HILLCREST BLVD ELEVATION intended merely to assist in exploring how the project might be developed. Signage PAGE THE TRIANGLE AT S. MARKET PLACE 05.07.2020 shown is for illustrative purposes only and does not necessarily reflect municipal 5 code compliance. All colors shown are for representative purposes only. Refer to INGLEWOOD, CA - LAX20-0000-00 material samples for actual color verification. AREA OVERVIEW THE TRI NGLE at South Market Place
AREA OVERVIEW
HOLLYWOOD PARK & CASINO Inglewood, CA - 1 Mile Away Originally a legendary racetrack, Hollywood Park has transformed into an exciting modern neighborhood with several popular entertainment venues. Home to the Forum, Hollywood Park Casino, the upcoming SoFi Stadium, Hollywood Park is a famed Southern California vacation spot.
Hollywood Park Casino is a sports bar, lounge, and casino in Inglewood, California. HPC is conveniently located near Downtown LA and LAX. After being heavily renovated in 2016, the casino converted to a top-ranking casino and entertainment destination in Southern California. Known for hosting daily “No-Limit Hold’em Tournaments” and many variations of different poker games, people are attracted to the casino for its vast array of games. Dining and drink options include Century Bar & Grill and Table Side Service. The Raise Lounge inside HPC is a beautiful atmosphere for guests to relax and can also be privately reserved. With great entertainment, dining, and games, the Hollywood Park Casino is an Inglewood staple.
LOS ANGELES INTERNATIONAL AIRPORT Los Angeles, CA - 4.1 Miles Away The city of Inglewood and the Los Angeles International Airport, are separated by a mere ten minute drive, fifteen with the typical LA traffic. With a large sum of about 63 million passengers a year, LAX is a hub for tourists and vacationers looking for a relaxing Southern Californian vacation.
17 SHARPLINE www.SouthMarketPlace.com THE TRI NGLE at South Market Place
AREA OVERVIEW
THE FORUM Inglewood, CA - 0.5 Miles Away Los Angeles Clippers owner Steve Ballmer is buying the Forum for $400 million, ending the billionaire’s legal fight with the Madison Square Garden Company and clearing the way to build a new arena for his NBA team down the street in Inglewood, California.
The Forum is an all-purpose indoor arena in Inglewood, California. Located between West Manchester Boulevard, across Pincay Drive and Kareem Court, it is north of the under- construction SoFi Stadium and the Hollywood Park Casino. After being purchased by The Madison Square Garden Company, The Forum was renovated as a world-class concert venue. Having been built in 1967, The Forum is considered a famed location and in 2014 was officially listed on the National Register of Historic Places. Previously home to the the Los Angeles Lakers and the Los Angeles Kings, The Forum was considered one the most well-known sports venues in the U.S. Although both teams have adopted the Staples Center as their new home, the Forum continues to remain an iconic and relevant arena. The Forum’s SOFI STADIUM 2020 line up consists of the Nickelodeon Slime Fest 2020, Blake Inglewood, CA - 1 Mile Away Shelton, The 1975, Billie Eilish, and Harry Styles. After years without a football team, Los Angeles residents not only now have two teams to root for, they now have a gigantic stadium to house both of them. The LA Rams and the LA Chargers have their own state-of-the-art stadium being built in Inglewood, right outside of The Forum. With a capacity to fit about 70,000 fans, and with plans of expanding to fit over 100,000, the stadium will rival the largest stadium in California, The Rose Bowl. The SoFi Stadium is already set to host the 2022 Super Bowl, 2023 College Playoff Championship, 2026 World Cup matches, and the 2028 Olympic ceremonies.
18 SHARPLINE www.SouthMarketPlace.com THE TRI NGLE at South Market Place
AREA OVERVIEW
LA CLIPPERS ARENA Inglewood, CA - 1.5 Miles Away Plans for LA Clippers arena in Inglewood move ahead. Designs for the proposed $1.2 billion basketball arena by AECOM were first unveiled in July last year.
"The Clippers, owned by billionaire Steve Ballmer, will install 330 electric vehicle chargers at the arena, fund 1,000 residential chargers in the surrounding area, purchase two electric buses and 10 electric vehicles for Inglewood’s municipal fleet, and plant 1,000 trees as part of its agreement with CARB," Daily Breeze reports. "The arena is expected to meet a Gold standard under the Leadership in Energy and Environmental Design (LEED) certification program."
JOBS BY INDUSTRY SECTOR - Inglewood, CA INDUSTRY # OF JOBS Health Care and Social Assistance 3,453 Educational Services 3,144 Retail Trade 3,126 Transportation and Warehousing 2,678 Other Services (excl. Public Administration) 2,059 Accommodation and Food Services 1,841 Wholesale Trade 1,752 Arts / Entertainment / Recreation 1,449 Manufacturing 1,349 Administration & Support / Waste Mgmt 1,275
19 SHARPLINE Sources: U.S. Census Bureau: Census 2010, 2005-2009 American Community Survey, Local Employment Dynamics: ESRI www.SouthMarketPlace.com SOUTH MARKET PLACE TOD Mixed-Use 1 provides for larger-scale transitoriented development at THE TRI NGLE a higher density. Uses should be mixed with retail, services or public-serving at South Market Place office on the ground floor and residential, office, hotel or institutional on the upper floors. Plazas and shared parking structures are also encouraged within ZONE DISTRICT this zone.
FIGUREDowntownFIGURE 3.1 3.1 Downtown DowntownZoningZoning Districts
Stepney St. ZoningDowntown Districts Plan Boundary EucalyptusEucalyptus Av. Centinela Av.
LaLa BreaBrea Av.Av.
InglewoodInglewood Av.Av. Exton Av. Crenshaw/LAX Line Stepney St. DowntownTOD Mixed Use Plan 1 (MU-1) Boundary EucalyptusEucalyptus Av. Centinela Av. LaLa BreaBrea Av.Av. TOD Mixed Use 2 (MU-2) InglewoodInglewood Av.Av. Exton Av. Crenshaw/LAX Line Market St. TOD Mixed Use Corridor (MU-C) Warren Ln. TOD Mixed Use 1 (MU-1) Hazel St. Historic Core (HC)
Edgewood St. TODResidential Mixed Single Use Family 2 (MU-2) (R-1) Juniper St. Beach Av. Residential Limited Multi Family (R-2) Market St. TOD Mixed Use Corridor (MU-C) Hyde Park Bl. Hyde Park Bl. Residential Limited Multi Family (R-2A) Warren Ln. La Colina Dr. Hazel St. HistoricResidential Core Multiple (HC) Family (R-3) Grace Av. Residential Multiple Family (R-4) Edgewood St. Residential Single Family (R-1) Juniper St. Oak St. Florence Ave. Residential Medical (R-M) Beach Av. Residential Limited Multi Family (R-2) General Commercial (C-2) Hyde Park Bl. Cable Pl.
Prairie Av. Prairie Prairie Av. Prairie ResidentialHeavy Commercial Limited (C-3) Multi Family (R-2A) Railroad Pl. La Colina Dr. Civic Center (C-C) Howland Dr. Residential Multiple Family (R-3)
Grace Av. Light Manufacturing (M-1) Hillcrest Bl. Hillcrest Hillcrest Bl. Hillcrest Residential Multiple Family (R-4) Regent St. Parking (P-1)
Regent Cir. Oak St. Regent Cir. Florence Ave. ResidentialOpen Space (O-S) Medical (R-M)
Aerick St. Locust St. Locust Locust St. Locust Transportation Corridor (T-C)
Fir Av. Fir Queen St. Av. Fir General Commercial (C-2) Cable Pl.
Prairie Av. Prairie Prairie Av. Prairie Heavy Commercial (C-3) Railroad Pl. Manchester Bl. Manchester Ter. Civic Center (C-C) SUBJECT Howland Dr.
Market St. Market St. Manchester Dr.
Olive St. SITE Hillcrest Bl. Light Manufacturing (M-1)
Hillcrest Bl. Hillcrest Hillcrest Bl. Hillcrest Regent St. Parking (P-1)
Regent Cir.
Regent Cir. Open Space (O-S) 2 minute Kelso St.SpruceAerick Av. St.
2 minute hoverboard N Grevillea Av. Grevillea
Grevillea Av. Grevillea Forum Locust St. Locust Locust St. Locust walk (480 ft) Transportation(1,060 ft) Corridor (T-C)
Fir Av. Fir Queen St. Av. Fir 2 minute bike (1,760 ft) Feet 0 500 1,000 2,000 3,000 Manchester Bl. 21 INGLEWOOD, CA Manchester Ter. Source: http://inglewood.arroyogroup.com/wp-content/uploads/2017/01/The-New-Downtown-Fairview-Heights-TOD-Plan-Design-Guidelines-lo-res.pdf www.SouthMarketPlace.com ADOPTED OCT. 2016 31
Market St. Market St. Manchester Dr. Olive St. Hillcrest Bl.
2 minute Kelso St.Spruce Av.
2 minute hoverboard N Grevillea Av. Grevillea Grevillea Av. Grevillea Forum walk (480 ft) (1,060 ft) 2 minute bike (1,760 ft) Feet 0 500 1,000 2,000 3,000
ADOPTED OCT. 2016 31 THE TRI NGLE at South Market Place
THE NEW DOWNTOWN INGLEWOOD
South Market Place The focus of South Market Place is the unique Market/Hillcrest/ Kelso Street Plaza, which is intended to provide another gathering space for the City when Market Street is closed by activation of movable or retractable bollards located at La Brea Avenue and on Kelso Street and Hillcrest Boulevard.
South Market Place is also intended to be the terminus of Market Street and to be an attractive and dramatic entry to the Downtown.
Market Street can also be closed to automobiles, along with South Market Place to create a linear public space that can be temporarily free of automobiles all the way from La Brea Avenue on the south to Florence Avenue and the Metro Station on the north. This corridor can be activated by the public activities such as concerts, festivals, markets, art shows, celebrations, etc. bringing thousands of visitors to the shops and restaurants along Market Street.
22 SHARPLINE www.SouthMarketPlace.com MAJOR PROJECTS UPDATE Economic and Community Development Department MAYOR JAMES T. BUTTS, JR
JUST COMPLETED Inglewood Senior Center, 111 N. Locust St. D A $27 million, 35,000 Square Ft, two-story community facility with various senior- related activities and amenities. Underground parking with 136 spaces.
Planet Fitness, 2700 W. Imperial Hwy. Inglewood Senior Center A 24-hour, 7-days/week fitness club; free training and support. Dues $19.99/month
UNDER CONSTRUCTION Inglewood NFL Stadium/Hollywood Park When completed, the project will include a 70,000-seat NFL stadium that will house the LA Rams and the LA Chargers. 6,000 seat performance venue, a retail village and fashion showcase, Class A Office village, residential units, 300 room hotel, 2 NFL Stadium/Hollywood Park lakes and 4 parks. First phase slated to open in 2020.
PATH Villas Eucalyptus-40 units, 240 W. Lime St. Affordable rental units under construction for seniors. Slated to open in 4th quarter of 2018.
Daniel Freeman Development Site, 333 N. Prairie, 228 townhomes PATH Villas Eucalyptus
WOO The project includes townhouse condominiums and a recreation center. The first phase of the project will be completed for sale in 2019.
Locust Street Garage, between Manchester Bl. and Queen Ave. This level-parking lot servicing Downtown has been closed for maintenance and E upgrades. The garage will reopen in early Spring 2018 with 298 vehicle (6 Electric vehicle charging stations provided free by TESLA) and 16 bike spaces.
Downtown Inglewood and Fairview Heights Metro Stations Daniel Freeman Site Townhomes L THE TRI NGLE Two new light rail stations that are part of the eight-station Crenshaw/LAX line.at South Market Place When completed, the Crenshaw/LAX line will offer north-south service connecting Inglewood commuters to LAX and the entire Los Angeles Metro light rail system. The new Inglewood stations are scheduled to open in 2019
G IHOP, Century Bl. and La Brea Ave. MAJOR AREA DEVELOPMENTS A new IHOP restaurant has been permitted and is under construction. A 4th quarter Downtown Inglewood Metro Station 2018 opening is projected. 1 NFL STADIUM
LA’s future NFL stadium will be big, flashy, and PRE-CONSTRUCTION expensive. It’s costing upward of $2.5 billion to build the future home of the Chargers Hilton TRU Hotel, Prairie and 111th St. and Rams, and the 70,240-seat stadium will A 120-room, six-story hotel. Includes a rooftop deck with Jacuzzi and outdoor encompass nearly 3 million square feet— fireplaces, lush outdoor gardens throughout the property, with public art
IN making it the largest in the NFL. installations. Planning documents are approved. Scheduled to break ground in 2018. 2 HILTON TRU HOTEL Prairie & 111th Street D3-Thomas Safran Project, corner of Florence Ave. and La Brea Ave. A development agreement to build a mixed use, grocery-anchored rental housing A 120-room, six-story hotel. Includes a rooftop deck with Jacuzzi and outdoor fireplaces, lush development has been approved. On track to break ground in 4th quarter of 2018. outdoor gardens throughout the property, with public art installations. Planning Inglewood Hilton TRU Hotel documents are approved. DOWNTOWN INGLEWOOD Provided to the residents of Inglewood, CA One West Manchester Blvd., Inglewood, CA 903013 James T. Butts, Jr., Mayor, 310-412-5300 www.cityofinglewood.org 310-412-5230 & Fairview Heights Metro Stations Two new light rail stations that are part of the eight-station Crenshaw/LAX line. When completed, the Crenshaw/LAX line will offer 3 north-south service connecting Inglewood commuters to LAX and the entire Los Angeles 1 Metro light rail system. 4 4 CLIPPERS ARENA 2 3950 W Century Boulevard The NFL stadium isn’t the only professional sporting arena bound for Inglewood. It’s looking very likely that the Clippers will move out of Downtown LA’s Staples Center and into the South Los Angeles city. Details about the NBA arena, which would occupy land along Century Boulevard, have been scarce.
23 INGLEWOOD, CA Source: https://la.curbed.com/maps/south-los-angeles-development-map www.SouthMarketPlace.com THE TRI NGLE at South Market Place
MAJOR AREA DEVELOPMENTS
5 HOLLYWOOD PARK 1050 S Prairie Avenue A 120-room, six-story hotel. Includes a rooftop deck with Jacuzzi and outdoor fireplaces, lush outdoor gardens throughout the property, with public art installations. Planning documents are approved.
6 VERMONT-MANCHESTER MIXED USER 8400 S Vermont Avenue In Vermont Knolls, the county is starting construction a new complex that will hold 180 units of affordable housing, a public school, a transit plaza and bus transfer center, and shops on the former home of a swap meet destroyed in the 1992 Uprising.
7 MAGIC JOHNSON PARK
905 E El Segundo Boulevard 6 A picturesque overhaul of this county park in Willowbrook is in the pipeline. 5 Once completed, the redesign will add an amphitheater, event center, reflecting pool, sports complex, equestrian facilities, and a 1.75-mile horse path.
7
24 SHARPLINE www.SouthMarketPlace.com NEW LA RAMS THE TRI NGLE THE FORUM STADIUM at South Market Place
Exclusively Listed by: SHARPLINE COMMERCIAL PARTNERS BARBARA ARMENDARIZ President & Founder 515 S. FLOWER STREET, 18TH FLOOR CalDRE #01472088 LOS ANGELES, CA 90071 Conceptual Renderings by: 213.266.3333 x404 [email protected] 213.266.3333 | SHARPLINECP.COM