A proposed 375-unit mixed-rate complex ceremoniously broke ground Thursday in San Pedro, not far from the Ports O’ Call, the Daily Breeze reports. The project will feature apartments over ground-floor shops.
Though construction’s barely begun, some are already imagining that the not-yet-built structure could close the gap between the neighborhood’s downtown shopping district and the waterfront.
Los Angeles City Councilmember Joe Buscaino, who represents San Pedro, told the Breeze that he sees the project as another step toward making the neighborhood more “livable, walkable.” With this market-rate project, “we’re diversifying income levels, we’re diversifying the workforce” in San Pedro, the councilmember said in a Facebook Live video of the groundbreaking.
The project, located at 550 South Palos Verdes Street, is expected to be complete by 2020, developers Holland Partner Group told the Breeze.
That’s about the same time that the comprehensive overhaul at the Ports O’ Call is expected to conclude. The makeover will demolish the existing village, replacing it and adjacent eateries with the San Pedro Public Market, a collection of new old-looking warehouses holding restaurants, retail, and markets.