Los Angeles, CA 90016
The West Hollywood-based Charles Company originally planned this shopping center near the start of the Crenshaw Line as a massive retail space anchored by a Target. It was supposed to be complete in 2013. Before it could get off the ground, the project pivoted, including a senior living component, removing the Target, and incorporating far less commercial area. That was in 2015.
In 2018, the project reappeared with a 573 market-rate residential units—more than three times what was initially proposed—plus shops, a grocery store, and restaurants.
Then last year, the project began to implode. In May, the Real Deal reported that the Charles Company was marketing a ground lease for the property. The Los Angeles Timesreportedthat the company had defaulted on $6.3 million in federal loans on the project, and its founder was arrested on charges he had bribed an LA County official.
In July, the Crenshaw Subway Coalition appealed the project, citing concerns that a market-rate project would be unaffordable to current residents and would lead to displacement. The coalition also questioned how the project could proceed in light of the bribery charges. In November, the area’s planning commission effectively killed the project. Councilmember Herb Wesson Jr., who represents the area, said that he would not support it unless it included a “significant” number of affordable units. The site remains empty.