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Coronavirus Forces Buyer to Rethink Power Plant Redevelopment Plans Outside Los Angeles

Exclusive: Sale Generated Near-Record Sale Price for Coastal Land
A power plant in Redondo Beach, California, could be transformed into open space with some commercial use. (Newmark Knight Frank)
A power plant in Redondo Beach, California, could be transformed into open space with some commercial use. (Newmark Knight Frank)
By Jacquelyn Ryan, Lou Hirsh
CoStar News
May 19, 2020 | 11:11 P.M.

The buyer of a Los Angeles County power plant property is pausing to reexamine how to redevelop one of the largest sites on the Southern California coast following uncertainties created by the coronavirus pandemic.

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News | Coronavirus Forces Buyer to Rethink Power Plant Redevelopment Plans Outside Los Angeles