L Catterton Real Estate and QIC Global Real Estate have formed a partnership to reposition the former South Bay Galleria shopping mall into a mixed-use complex with hotel, office, apartments and retail. The renovation site is nearly 30 acres.
The Redondo Beach City Council approved the project earlier this year, and following approval, L Catterton acquired a 50% stake in the development.
The project will be retail focused, and the initial phase will feature commercial and accommodation space, improved transport and bicycle connections, and substantial public space.
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