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LOS ANGELES-The Los Angeles City Council has granted final approval to details of a previously approved development plan for Marlton Square, a $123.2-million project at the site of the former Santa Barbara Plaza in South Los Angeles.

Work is already under way on a 180-unit affordable seniors apartment complex that constitutes the first phase of the project–as previously reported by GlobeSt.com–but the city council nod was necessary to finalize agreements with the parties to the deal. The council approval ratifies specifics of the development plan that have been under negotiation since November 2002 between the city, the Los Angeles Community Redevelopment Agency and the developers. The project is a venture of Los Angeles-based developer Christopher W. Hammond’s Capital Vision Equities and NFL football star Keyshawn Johnson of the Tampa Bay Buccaneers.

Developers are calling Marlton Square the only large-scale, mixed-use project and most significant redevelopment in South Los Angeles in more than 20 years. The 22-acre development–which will comprise 140 single-family detached “for sale” homes, 140,000 sf of retail space and the affordable senior housing complex–will supplant a Santa Barbara Plaza site that stood blighted for many years. The site lies in the center of the Crenshaw district, adjacent to the Baldwin Hills-Crenshaw Plaza Mall, bounded by Martin Luther King Jr. Boulevard on the north, Santa Rosalia Drive on the south, Marlton Avenue on the east and Buckingham Road on the west. The Lee Group, a Los Angeles-based home builder, will develop the single-family homes in a partnership with the other developers.

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