Galleria redo/South Bay Social District sees delays, doubts; adds to plan
by Garth Meyer They search for financing around the world. Their home offices are in Paris and London. The project is on the corner of Artesia and Hawthorne Boulevard. The South Bay Social District, intended to remake the South Bay Galleria, has advanced to another stage, with resumed plans for 650 apartments, now in the hands of the city planning commission to rule on the new proposal this spring. Stuart Miller, L Catterton project partner, spoke at a joint District 3 and 4 community meeting March 30 on the top floor of the Galleria. No date has been set for construction. “No date yet, nor are we able to give timing on that,” Miller said to a crowd of about 60 people in the mall’s Community Room. “Thank you for your interest, and your patience more than anything.” He has worked on the South Bay Social District project for 10 years. Construction appeared imminent pre-pandemic, for the mixed-use redevelopment, but since then, inflation rose, followed by interest rates, and financiers started to prefer housing over retail/commercial space. So L Catterton made the Redondo Beach venture smaller, Miller told the crowd, and more outdoor, and they gained more interest from financiers. A…
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