The 49-acre site of an aging power plant in Redondo Beach will be transformed into a mixed-use development including 2,290 housing units, 510K SF of office space, a hotel and a 22.5-acre park, according to plans filed by the developer Next Century Power.

The firm, a partner in Los Angeles based SLH Investment, bought the site from AES Corp. for an undisclosed sum in 2018. The 74-year-old AES natural gas plant will shut down this year and be demolished to make way for the waterfront development, which will be known as One Redondo.

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