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The Reef mixed-use complex in L.A. approved



$1.2-billion project, known as the Reef, was approved by the LA Planning Commission.
The proposed development will turn two empty parking spaces and the 12-story building on Washington Boulevard in South Los Angeles into a walkable community of skyscrapers and low- and mid-rise residential buildings only a few blocks from a Metro Blue Line station.

The Reef mixed-use complex in L.A.

The village will include luxury condominiums, apartments, a hotel, a fitness center and 104,000 square feet of retail space. The design for The Reef Project begins on the ground by destroying the existing super blocks, providing a pedestrian-oriented urban experience.  Pathways through the site, connect surrounding streets with the landscaped courtyards and gathering spots contained within the project.


The developer, PHR LA Mart LLC plans to begin construction works in 2017 and it will take place in two stages:  

Phase 1 is the development of the western area, which includes a new garage for the Reef building, the hotel and 100 units of rental housing.  This step will take about 2.5 years.

Development of phase 2 can begin two years after Phase 1 begins, and  will take approximately 2.5 years.

Some area residents oppose the project because of their concern it may drive up property rates and eventually force them out of the neighborhood. LA Planning Commission want the developer to pay $ 15M for off-site affordable hosting. Project owners have to earmark 5% of the apartments for low-income families.

More about shopping malls in the USA



YESTERDAY, USA:
Global fashion e-tailer Boohoo has unveiled its new 'boohoo brands' marketplace.
DAY BEFORE YESTERDAY, Australia:
The U.S. lingerie giant disclosed plans on Wednesday to open the store in the Highpoint Shopping Centre.
Jul 24, 2024, India:
Bershka's inaugural brick-and-mortar store in India is slated to open in Mumbai this November.
Jul 23, 2024, USA:
Ross will open 21 new Ross Dress for Less stores and three DD's Discounts stores across 17 states.
Jul 22, 2024, Italy:
The 120-square-meter boutique is strategically situated near the iconic Spanish Steps in Rome.
Jul 19, 2024, France:
This prime location places it in the heart of the Marais district.
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