Capri Capital, owner of Baldwin Hills Crenshaw Plaza (BHC), is planning a major overhaul for the 70 –year-old shopping center.
Since purchasing the BHC over a decade ago, Capri, one of the largest African American-owned private equity firms in the coun-try, has invested more than $40 million dollars into the mall, bringing in upscale retailers and one-of-a-kind merchants.
Capri has plans to transition the shopping center from an era of stabilization into a 21st century vision that removes the existing perimeter rod iron fencing and adds new uses to address longstanding community priorities. Capri is proposing to modernize and redevelop the center into South Los Angeles’ first live-work-play-shop destination. Proposed plans include retail and restaurant space; residential units, including condominiums and apartments; hotel with banquet facilities; offices building as well as green space and pedestrian paths.
Mobility was a major consideration in the redevelopment plans. Once completed, the renovation will be the largest transit-oriented development along the Metro Crenshaw/LAX line and provide direct access to the rail line and fifteen bus stops. The plans result in a mobility hub that supports bikes, car sharing and other automobile alternatives. Wide sidewalks, lighted and landscaped pedes-trian paths, street furniture and signalized crosswalks will encourage walking.
These ambitious plans demonstrate Capri’s commitment to the Community Plan update, according to BHC Community Relations Director Jason Lombard. Baldwin Hills Crenshaw conducted a multi-year outreach effort, which included presentations to dozens of block clubs, neighborhood councils, and other stakeholders. The feedback from these constituencies was incorporated into the project.
The project is anticipated to create thousands of jobs to stimulate the local economy, and the final transformation is estimated to provide hundreds of millions of dollars in direct investment for the Crenshaw District.
After successfully completing the city’s multi-phased approval process, officials expect to break ground in 2018.
Image Caption: At a recent Leimert Park Village Stakeholders meeting, Baldwin Hills Crenshaw Community Relations Director Jason Lombard answers questions about the shopping center’s renovation plans.