|
|
Article: New Life for Inner-City Mall Project.(Brief Article)
- Article from:
- Los Angeles Business Journal
- Article date:
- June 19, 2000
- Author:
CopyrightCOPYRIGHT 2000 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Nine months after the collapse of Earvin "Magic" Johnson's attempt to redevelop the rundown Santa Barbara Plaza, another developer has stepped in with a new proposal, breathing life back into the five-year, inner-city revitalization effort.
Chris Hammond's Capital Vision Equities, which is redeveloping the nearby Chesterfield Square, has quietly assembled up to 80 percent of the properties in the Crenshaw-district plaza and is in negotiations with several potential anchor tenants.
He has also hired prominent architect Jon Jerde -- of Universal CityWalk and San Diego Horton Plaza fame -- to design the project.
Capital Vision intends to submit its ...