Juanita Tate Marketplace

Juanita Tate Marketplace

Project Scope

Juanita Tate Marketplace (formerly Slauson Central Retail Center) is a 6.6 acre, 78,000 square foot ground-up shopping center with pharmacy and grocery anchor tenants and inline shops. Urban One was hired by Regency Centers Corp (NYSE: REG) to augment their staff in entitling the site and leading it through the design and construction process, working side-by-side with the CRA/LA and other public entities and stakeholders.

 

Project Summary

Client Regency Centers Corporation
Location South Central Los Angeles, California
Category/Emphasis Real Estate
Services
Project Facts Ground-up 6.6 acre, 78,000 square foot shopping center
Architect Nadel Architects, Inc.
Civil Engineer DRC Engineering
General Contractor TBD

 

 

Project Overview

The property sits in Council District 9 (CD 9) on the southwest corner of Slauson and Central Avenues in the Goodyear Industrial Tract in South Central Los Angeles, CA. Regency Centers, acting as developer, entered into a development agreement with CRA/LA. The estimated development cost was roughly $19 million, with the CRA/LA contributing approximately $8.7 million ($7.6 million in BEDI/Section 108 loan and up to $1.1 million in future tax increment).

The CRA/LA’s redevelopment goal on this property was to “help expand businesses and create new ones, generate jobs, stabilize and expand the industrial area, repair and clean up public infrastructures and attract new consumer retail, shopping and entertainment outlets.” The development provided a crucial boost for a blighted industrial strip and surrounding area.

Simultaneous with pursuing entitlements, Urban One, Regency Centers, and CRA/LA also performed soil vapor extraction and remediation work at the site. The design phase commenced in the second quarter of 2012 and construction commenced in the first quarter of 2013.

Flickr Button Logo - Juanita Tate Marketplace Set at Urban One's Flickr Page

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