Oct05

$1.2 Billion Reef Development To Move Forward In South Los Angeles

Categories // LA Focus, Entertainment Thursday, 05 October 2017

$1.2 Billion Reef Development To Move Forward In South Los Angeles

A $1.2 billion development that would bring more than 1,444 residential units (including affordable housing, condominiums, apartments), a hotel, and 10,000 square feet of retail space, is now poised to move forward. That, with word from Los Angeles City Councilman Curren Price that two lawsuits holding up “The Reef” development in South Los Angeles have been settled.

      “I am thrilled that the developer of The Reef was able to work with the community to address concerns and resolve this litigation,” said Councilman Price. “For far too long, this area of the city has been ignored. The Reef will be a transformational project that brings much-needed economic development to the Ninth District.”
      The Reef project was unanimously approved by the Los Angeles City Council in November 2016. One month later, Strategic Actions for a Just Economy (SAJE) and the Golden State Environmental Justice Alliance filed lawsuits against the mixed-use project in Los Angeles Superior Court. The two cases were settled out of court.
      The Reef project will bring housing, a hotel and retail space to the existing Reef space on Washington Boulevard, where the LA Mart, Maker City LA and Magic Box house the gift and home furnishing wholesale community as well as a diverse creative environment.
 

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