4371 Crenshaw Boulevard, Los Angeles, California
Northwest corner of Crenshaw Boulevard and Vernon Avenue in the City of Los Angeles, County of Los Angeles, California.
The property was a former ARCO gasoline station. At the time of acquisition, the property was a vacant lot. The land size is 17,400 square feet.
The development included a 6,000 square foot multi tenant retail shopping center, which we leased to Starbucks, Fuse Mobile, and Broadway Federal Bank.
The property is located at the entrance to Leimert Park, a landmark historical district along the Crenshaw Corridor of Los Angeles, CA. Consequently, the redevelopment entitlements were extremely political and required the support from the City Council District 9 Office - Councilman Bernard Parks, and the local community groups. We were able to secure the necessary governmental approvals after extensive community outreach and high quality design and architecture.
Disclaimer: This property was purchased, developed, and leased under the leadership and supervision of Aaron Swerdlow, as a co-founder of Festival Development Partners, LLC. This is not an Equitas Investments, LLC project.