Real estate developer CIM Group backed out of a $100 million deal to buy the Baldwin Hills Crenshaw Plaza, believed to be the oldest shopping center in Los Angeles, after pressure from community members who argued the plan would create undesired gentrification and a local group vowed to acquire and develop the mall and surrounding property itself.
Developer CIM Group Backs Out of Plan to Buy LA's Oldest Shopping Mall After Pressure From Activists
Community Groups Support Local Effort to Redevelop Baldwin Hills Crenshaw Plaza Built in 1947
CoStar News
June 16, 2020 | 11:31 P.M.
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IN THIS ARTICLE
- Properties
- Crenshaw Plaza
3650 Martin Luther King Jr Blvd, Los Angeles, CA