California Centers

SEP 2018

California Centers Magazine serves retailers, developers, shopping center owners, investment sales brokers and tenant representation firms throughout the state of California.

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Page 24 of 56

22 California Centers Magazine | September 2018 C C worth of sales take place on this site every year — even when the property was in a somewhat deteriorated con- dition. About $25 million comes from one tenant, the Fish Market. That's an indication there is an attraction to this site." With that in mind, the San Pedro Fish Market, Café International, Crusty Crab and Harbor Breeze Cruises will remain open during the new project's phased construction. San Pedro Public Market is slated to include an amphi- theater, concert venue, playground, promenade, plaza, retail options and container kitchens. "The food hall will provide an op- portunity for small-scale operators to deliver a whole slew of ethnic fare that exists in LA," Ratkovich contin- ues. "We also want a section of this property to be used as container kitch- ens. We're borrowing off the container concept that dominates the Port of Los Angeles and bringing them directly into our development." Restaurant patrons will also receive front-row seats to "portside theater," which provides a first-hand view of all the ships moving in and out of the waterway. "Our focus has really been thinking about this project as an experience," Farhang says. "We want to recog- nize that San Pedro is a one-of-a-kind place. You won't be able to replicate this project anywhere else with the theatrics of the port. This creates a genuine experience that's true to the site, true to the working port and true to the heritage of San Pedro as an in- dustrial location." Northeast of San Pedro, another portion of Los Angeles' waterfront is undergoing a makeover. The $24 million, nine-acre Wilmington Water- front Promenade and $53 million, 13- acre Avalon Promenade and Gateway will bring parks, event space, a play- ground, giant sundial, sports court, outdoor classroom, native plant gar- den and a walkway that pays homage to Wilmington's history to an area cur- rently occupied by industrial build- ings. Both projects are scheduled to commence in 2019 with construction timelines of about two years. "The most primary thing we think this area was lacking is direct access to water," says Mike Galvin, director of waterfront and commercial real estate Visitors and restaurant patrons at San Pedro Public Market will receive front-row seats to "portside theater," which provides a first-hand view of all the ships moving in and out of the waterway. Active 2018 cAliforniA Projects RIVERSIDE 24 Hour Fitness & Grocery Outlet MENIFEE Smart & Final Extra! LAKE ELSINORE Marshalls, ULTA, Skechers, Five Below and Panera Bread PALMDALE Hobby Lobby, Dollar Tree, and Planet Fitness Brett Del Valle (949) 723-9500 x 204 Alan Robertson (949) 723-9500 x 202 PLEASE CONTACT US FOR MORE INFORMATION:

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