T
he San Pedro area is poised for denser development as the Los Angeles Planning Commission approves key entitlements for a trio of affordable housing developers to redevelop the long-standing Rancho San Pedro public housing project near the Port of Los Angeles. This 20-acre site, situated west of Harbor Boulevard and spanning from 1st Street to 3rd Street, will be transformed into a mixed-use development featuring over 1,500 new residences, with two-thirds at affordable rental rates. The project also includes 130,000 square feet of commercial space and 5 acres of parks.
Developers Richman Group, National CORE, and Century Housing are leading the effort, which involves acquiring a nearby parcel for a 47-unit apartment building to temporarily house displaced tenants during the redevelopment process. The project will unfold in phases over 10-15 years. This undertaking builds on the City of Los Angeles' experience with public housing redevelopment, including projects like Dana Strand in Wilmington and Jordan Downs in Watts.
realestate
Los Angeles approves benefits for residents in San Pedro public housing revamp
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