Coming soon: a new theater, several restaurants and an office supply store. It's been talked about for at least a couple of years, but closing the theater would the first real sign that they are doing something big.
Then comes the "transformation of the 43-acre property:" a new residential neighborhood, a hotel and commercial office building ... "conveniently linked to the proposed Metro Rail public transit center on Crenshaw Boulevard."
It does sound like a nice future, though there's to be concern about traffic and parking. The expansion plan still faces city approval, and that can take more than a year. But the release states: "The long-term plan is in the environmental review stages, with an anticipated approval by the City of Los Angeles by early 2011."
First the renovation - brand-new interior design, extensive exterior building and landscape improvements completed before the 2011 holiday season.
The designer just finished doing a fine job on Fox HIlls in Culver City. Restaurateur Brad Johnson, who opened the Roxbury, Georgia and The Sunset Room in Los Angeles, plans a restaurant adjacent to the Debbie Allan Dance Academy, which moved in last year. And don't forget the Farmers Market. (I went last week for the first time since it left Leimert Park Village and Dre's BBQ told me it's where he makes the most cash. I had fun.)
The expansion "will propel the center toward achieving the Class-A status and a shopping
experience that South Los Angeles residents deserve,” said Ken Lombard, who
joined Capri as a Partner and President of the Capri Urban Fund in 2009.
Preachin' to the choir.
Twice the release mentions entitlement plans, so I'm sure that means Redevelopment money.
Lombard told the Times that Capri wants to develop Marlton Square and that the boarded up, bombed out eyesore adjacent to the Plaza "needs to be developed for the overall improvement of the Crenshaw corridor."
Prior to joining Capri, Lombard was President of Starbucks Entertainment, and has also served as President of Johnson Development Corporation. Lombard and Johnson developed many successful retail partnerships with Starbucks, Sony Pictures and TGI Friday’s.
Magic wasn't happy that the theater is losing his name.
"I am deeply saddened to learn of AMC's decision to close the Magic Johnson Theatre" Magic Johnson said on a release on PRNewswire. "This was my first theatre, so a piece of me will definitely close with it.
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