Mall of America owner reportedly in talks to buy the Valley’s enormous Rocketdyne site

Triple Five Group Ltd., the Canada-based company that owns the Mall of America, is in negotiations to buy the Rocketdyne site in the San Fernando Valley’s Warner Center neighborhood, CoStar reports.

The 47-acre property was once home to a factory that manufactured rocket engines, and, according to CoStar, it’s “one of the largest redevelopment sites in Los Angeles.” It could reportedly fetch about $150 million.

It has been on the market on the market for a while now. The property was even floated by Los Angeles City Councilmember Bob Blumenfield, who represents the area, as a possible future site for Amazon’s second headquarters.

At one point, in 2014, there were plans to turn the former facility into an enormous eco-friendly, high-rise community with nearly 4,000 apartments and condos, a hotel, and more than 1 million square feet of offices.

Click over to CoStar for the full story.

• Exclusive: Mall of America Owner Looking to Buy Former Rocketdyne Site in LA’s West Valley [CoStar]
• Could the Valley land Amazon’s huge new headquarters? [Curbed LA]