New York-based real estate developers LIVWRK and DFH Partners hope the third time’s the charm for the Baldwin Hills Crenshaw Plaza.
The duo announced their intention to purchase the 40-acre property from current owner Capri Capital Partners for an undisclosed sum, according to The Los Angeles Times.
Facing backlash from community groups over their plan to scrap housing from the redevelopment, CIM Group agreed to back out of a deal to purchase the shopping mall in July. The Los Angeles-based developer had agreed to pay more than $100 million for Baldwin Hills Crenshaw Plaza with the aim of introducing a mix of stores, restaurants and office space.
LIVWRK founder Asher Abehsera told The Los Angeles Times that “a project of this scale affords a mix of uses,” and mentioned that he will confer with community members when developing a plan for the site. The company’s website notes that it is “concentrated on mixed use urban development” and has facilitated a number of such projects in Brooklyn, including 85 Jay Street, 1000 Dean Street and 25-30 Columbia Heights.
Downtown Crenshaw, a community group that led the opposition to CIM Group’s purchase of the shopping mall, has denounced the proposed sale on Instagram, organizing a protest to “fight the Trump-Kushner buddies at LivWrk.”
LIVWRK has partnered with CIM Group and Kushner Companies on past and current projects, however, Abehsera stated that neither party will be involved in the redevelopment of Baldwin Hills Crenshaw Plaza.
The South Los Angeles shopping center is located a half-mile from the new Leimert Park Metro station on the Crenshaw/LAX Line, scheduled to open next year. Previous plans to redevelop the site were approved by the Los Angeles City Council in 2018 but were eventually withdrawn.
The latest deal between LIVWRK, DFH Partners and Capri Capital Partners is anticipated to close before the end of the year.