(Read more onthe multifamilymarket.)
LOS ANGELES-A development group called Bethany Square LLC hasunveiled plans for a $100 million mixed-use project that would aimto revitalize a four-acre parcel in the heart of the Bethany Squarearea. The project, which will seek LEED certification, is in anarea that gained notoriety as the center of the 1992 riots in SouthCentral Los Angeles.
The development, which is slated to get under way in early 2008,would bring work force housing,retail, seniors housing, child careand business incubators to the blighted neighborhood, according toScott A. Chaplan, the managing principal of Bethany Square LLC. Thesite where the project is scheduled to be developed is spread over21 lots located on Hoover Street between Manchester Avenueand 83rdStreet.
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