Lowes To Anchor Mid-City L.A. Retail Project
CIM Group held a dedication ceremony marking the completion of its 330,000-square-foot Midtown Crossing urban retail center at Pico and San Vicente boulevards in Mid-City Los Angeles.
The Midtown Crossing redevelopment project, created under the Los Angeles Community Redevelopment Agency, will serve about 1.3 million residents who live within a five-mile radius and will create approximately 800 new permanent jobs.
Los Angeles Mayor Antonio Villaraigosa and city council President Herb Wesson, Jr., who helped bring the project that transformed the vacant and dilapidated 11.5 acre property into a retail center for the underserved community, attended the event this week.
Midtown Crossing includes a Lowes Home Improvement Center, which opened on Feb. 1, as well as several smaller retailers and restaurants including Starbucks, Panda Express, Wells Fargo Bank, AT&T Wireless and Foot Locker. CIM Group is in discussions with several potential tenants for the remaining restaurant and retail spaces.
The upper level of the center brings a broad spectrum of retailers and restaurants above the 163,000-square-foot Lowes Home Improvement store. A Metro bus transfer station with 11 bays that serves about 4,000 commuters per day is built into the center, along with 1,100 parking spaces.
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