Showing posts with label Capri Capital Partners. Show all posts
Showing posts with label Capri Capital Partners. Show all posts

Tuesday, December 23, 2014

Redevelopment Plans Crystallize for Baldwin Hills Crenshaw Plaza

All images: Capri Capital Partners and RAW International

As construction continues on a new subway station at the intersection of Crenshaw and Martin Luther King Jr. Boulevards, a bold development scheme is in the works for an adjacent shopping complex.

Capri Capital Partners, the Chicago-based owner of Baldwin Hills Crenshaw Plaza, is planning to redevelop their 43-acre property with over 2 million square feet of new office space, housing, retail space and hotel rooms.  According to a master plan created by planning and design firm RAW International, the proposed development would replace a series of surface parking lots and low-rise commercial buildings which flank the mid-century shopping center.  The centerpiece mall, anchored by a Macy's department store, would be preserved and rehabilitated as part of the project.