Los Angeles developer named as AES Redondo power plant buyer
The AES Power Plant in Redondo Beach. Photo by Chelsea Schreiber Real estate investor Leo Pustilnikov has been identified as the buyer for at least part of Redondo Beach AES power plant land, and is in exclusive negotiations to purchase the entirety of the 51-acre power plant property. Determining what to build on the property will be a public process, but city officials and the developer said a significant portion of the acreage would be devoted to open space. “I believe that no one in the city wants to see the power plant lie dormant there when it shutters; I don’t think they want to see it as a property blight, or anything of the sort,” Pustilnikov said in an interview. Pustilnikov’s Next Century Power LLC has closed escrow on two AES lots — the SEA Lab and the adjacent parking lot to the south. Both lots are on the ocean side of Harbor Drive, across the street from the power plant. Pustilnikov is currently in discussions to purchase the rest of the AES property. He estimates that agreements for the remaining parcels will be reached in six to nine months. Price and terms of the sale have not been disclosed. Pustilnikov said the SEA Lab will remain in its current home…
Read this story on easyreadernews.com