As gentrification moves southward in Los Angeles, the nondescript area around San Vicente and Pico is getting a new retail development that will include a new bus terminal, a 116,000 sf Lowe's (with a 17,200 sf garden center) and a variety of smaller retailers and restaurants. The developers of this $114 million project are the ubiquitious CIM group, who are also bringing Panda Express, Footlocker, Wells Fargo and Starbucks to the 12-acre site. As Globe St reports:
Construction on the Lowe's is expected to get under way in the first quarter of 2007, with an anticipated opening in the winter of 2008. The Midtown Plaza development will feature a stacked design that takes advantage of the different elevations on the site.CIM refers to the area as Midtown, we're not so sure what to call it. But the kids below Olympic will no longer be denied their Starbucks, nor their Single Bevel Compound Miter Saw.