2018 Year in Review: Redondo Beach
The AES Redondo Generating Plant found a buyer this year. The City of Redondo Beach plans to negotiate with developer Leo Pustilnikov to use half of the property for parkland. File photo. Pustilnikov buys AES The AES Redondo Generating Station found a buyer in 2018 after two years on the open market, and more than a decade of plans to redevelop the site. Plans for the site are unclear, but city officials are hoping to deal for half of the 51 acres to be parkland and open space. Los Angeles-based real estate developer Leo Pustilnikov, previously associated with redevelopments of projects such as the Sears, Roebuck & Co. building in Boyle Heights, and the Alexandria Hotel in Downtown Los Angeles, was confirmed as the principal buyer on Oct. 30, after weeks of chatter. His LLC has been purchasing property, parcel by parcel, since mid-October. Redondo Beach’s Power Plant Subcommittee and multiple residents and community activists met with Pustilnikov as early as August, and in early October, Mayor Bill Brand held an educational forum to discuss concepts, including public-private partnerships, for the plant property. Development activist and Redondo Beach Harbor Commissioner Jim Light…
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