Construction of the 1.8-million-sf project will begin by themiddle of next year, officials at Los Angeles-based Lowe say.Called The Exchange, it will rise on the former aerospace plant's104-acre site at Crenshaw Boulevard and the Century (105)Freeway.
The master plan for the development was approved by theHawthorne City Council earlier this week. It calls for constructionof a 260,000-sf retail center that will be anchored by a Lowe'sHome Improvement Warehouse, the North Carolina-based chain that isunrelated to the development company.
Lowe Enterprises also will redevelop some of the existingbuildings on the site to create 375,000 sf of office space and260,000 sf of R&D space. Another 600,000 sf of industrial andwarehouse space—about half of which will be used as a data centerby AT&T —will be built from scratch.
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