Former Redevelopment Success Stories

 
 
Villagio Apartments (Affordable Family and Senior Housing)
  Completed in Spring 2000, the Villagio Apartments was built as one large mixed-use project by Thomas Safran & Associates, Inc. (Developer), in Redevelopment Project Area No. 1. The Villagio is a 149-unit family and senior tax credit property located in the City of Carson. The complex includes one, two, three, and four bedroom units. Built to resemble an Italian village, the Villagio and its walkways are decorated with beautiful water fountains and extensive, colorful landscaping. Other amenities include: two laundry room facilities, two playgrounds, two BBQ grills, a courtyard furnished with tables and chairs, a basketball court, a recreation room with a full kitchen, a lobby, a computer lab, a senior lounge, and an on-site management/ maintenance staff. All of the units include wall to wall carpet, linoleum floors, blinds, stove, refrigerator, dishwasher, garbage disposal, patios/balconies, central heating and air conditioning and a ceiling fan in the dining area.
  The Carson Redevelopment Agency provided two loans totaling approximately $9.1M. The Carson housing portion of the project includes 65 units in a mix of 1-, 2-, 3- and 4-bedroom units. The Grace housing portion includes 84 units including a mix of 1-, 2-, 3- and 4-bedroom units. Commercial tenants include restaurants and other neighborhood-serving retail uses including Quiznos, a travel agency, a personnel agency, Curves, Edibles, Tami�s, and a shoe repair shop. In 2001, the Villagio received the Gold Nugget Awards for Best Redevelopment Rehab/In-fill Site Plan, Best Affordable Attached, and Best Mixed Use from Builder Magazine.
  Redevelopment financing was used to build low- and moderate-income housing and the retail component. The loans are to be repaid in full no later than January 1, 2039. No less than 10% of all residential units must be available to low- or very-low-income households at affordable rents and the remainder of the units must be available to moderate income households at affordable rents.
 
University Square
  The Carson Redevelopment Agency entered into a Disposition and Development Agreement with Primestor Development in May 2006 to develop a 41,135 square foot neighborhood shopping center on the northwest corner of Avalon Boulevard and Albertoni Street, just south of the Artesia (I-91) Freeway and a few blocks east of the Harbor (I-110) Freeway. University Square, an $8.8 million development, opened in 2008, and is anchored by El Pescador Bar & Grill and DD's Discounts (Ross Stores, Inc.), and includes Panda Express, Fatburger, Subway and Fresh Berry.
 
  The Carson Redevelopment Agency provided approximately $2.29M in the form of a land write-down to complete redevelopment of this site. The development generated 106 construction jobs and 92 permanent jobs. Last year, University Square generated approximately $150,000 in annual revenues to the City last year.

University Square is located less than a mile from the Home Depot Center and California State University, Dominguez Hills (13,000 students), and serves loca residents, businesses, and visitors. The Home Depot Center is a 125-acre, $150 million sports venue with state-of-the art stadiums and facilities for soccer, tennis, track & field, cycling, lacrosse, rugby, volleyball, baseball, softball, basketball, boxing and other sports. The Home Depot Center is home to Major League Soccer's Los Angeles Galaxy and Chivas USA.
 
Avalon Courtyard Senior Apartments
  Avalon Courtyard, 22121 S. Avalon Blvd., is a 91 unit affordable senior rental housing development (plus one manager's unit). Completed in 1995, Avalon Courtyard features a two-story entrance, a recreation room, exercise equipment, library, computer room, laundry room, and on-site management. Monthly activities include bingo, coffee socials, movie night, parties, bus trips, ping-pong and other activities. The Agency provided approximately a $2.6M loan to Thomas Safran & Associates (Developer) to build and operate this housing development. The affordable units are all one bedrooms and include a stove, refrigerator, central heating and air-conditioning, carpeting, window treatments, balconies and fire sprinklers. Parking is available in a subterranean parking garage. Units will remain affordable until 2050.
 
Carson Terrace Apartments
  Carson Terrace, located at 632 East 219th Street, was completed in 2000 and includes 61 affordable senior housing units, one manager's unit, subterranean parking, visitor parking, and on-site community facilities. The Carson Redevelopment Agency provided approximately a $2.2M loan to Carson Terrace, L.P. (Developer) to construct and operate the affordable senior citizen (62 years of age) housing project. Rental units will remain affordable until 2040.
 
Auto Row
  The City, in partnership with the Agency, recently designated a part of 223rd Street, a key east-west arterial, as Auto Row, and adopted specific design guidelines in support of future development of this area. It is fast becoming a key growth area for the City, and it is projected that a fully built-out Auto Row would produce a contiguous 40-plus acre site with five new or newly redeveloped state-of-the-art auto dealerships. These dealerships will provide a large and consistent source of sales and property taxes for the City. Auto Row is key to the long-term success of new and current dealerships with improved visibility from both the heavily-traveled I-405 San Diego Freeway and from a major arterial (223rd Street). Southern California Edison (SCE) will be under grounding all power and utility lines along Auto Row. The Agency will be installing new street improvements, including all new landscaping. The Agency's plans and specifications for its portion of the street improvements are complete and will be implemented when SCE undergrounds the overhead utilities in 2011.

The projected result of all of these improvements will be a unique, updated, and expanded identity for the City, and significantly bolstered property and sales tax revenue streams. The following profiles the specific planned and implemented improvements on Auto Row.
 
Carson Toyota
  Carson Toyota is an existing dealership and is one of the most successful Toyota franchises in the region. A new automobile dealership facility was completed in 2008. The facility is approximately 160,000 square feet of building area and was built on a site sold to the developer by the Agency. The design includes state-of-the-art showroom and service center and rooftop parking, which will provide maximum exposure to the I-405 San Diego Freeway. This dealership will be the largest in physical size along Auto Row. It anchors one end of Auto Row, attracting other auto dealership franchises to the area.
 
Cormier Chevrolet
  Cormier Chevrolet, which specializes in the sale of Corvettes, is an existing dealership and anchors the other end of Auto Row. Partnering with the Agency, Cormier Chevrolet was able to recently complete expansion and rehabilitation of an older facility into a modern Chevrolet showroom. To assure that this project could move forward, the Agency provided Cormier with a rehabilitation loan. The new improvements enhanced Cormier's visual image from 223rd Street and the I-405 San Diego Freeway. The Agency purchased the Cormier Chevrolet property in 2009, when GMAC required repayment of its entire line of credit, and leased it back to Cormier Chevrolet to help ensure the existence and viability of the dealership during the current, difficult economic times. Cormier Chevrolet expects to repurchase the property at or by the end of the lease period with the Agency.
 
Carson Nissan
  In February of 2003 the Agency sold the property located at 1505 E. 223rd Street to Superior Nissan to build a brand new state-of-the-art, approximately 74,000 square foot Nissan automobile dealership. The facility, which opened in 2004, is a two-story, new car dealership with roof deck vehicle storage. The first floor consists of approximately 17,000 square feet of office, showroom, and parts storage and 30 service bays. The second floor consists of approximately 15,000 square feet of offices and parts storage. The roof deck contains approximately 25,000 square feet of vehicle storage area. The total cost of development was greater than $7 million, not including land. Although Superior Nissan went out of business in early 2009, as did many other dealerships around the county, another Nissan dealership, Carson Nissan, began operation at the property via a lease in late 2009. In May 2010, with assistance from the Agency, Carson Nissan's real estate division purchased the property from the former owner making it one of a number of dealerships owned and operated by one of the most successful owner-operators in Southern California.
 
Carson Honda
  Sonic Automotive Inc., a nationally respected developer/owner of Carson Honda and other auto dealerships, purchased property from the Agency located at 1435 E. 223rd Street and relocated the Harbor City Honda dealership from a nearby location in the City of Los Angeles to the Auto Row location. Carson Honda was completed in 2004. The brand new dealership consists of a 40,000 square foot of sales, parts, and service facility on a 4-acre site sold to it by the Agency. Carson Honda is located between the Toyota and Nissan dealerships completing the redevelopment of one entire block.
 
Carson Depot
  Located at the corner of Main and Sepulveda, the Agency played an active role in the transforming an old, environmentally-compromised cannery into a new state-of-the-art 237,341 square foot commercial/retail center. The Agency worked in partnership with the developer (Arnel Retail Group) and provided financial incentives and technical assistance to assure this project became a reality. Now home to more than 20 new businesses, the Carson Depot provides the Carson community with large retailers like Staples, Albertsons, and Home Depot, in addition to smaller retail shops and ethnic restaurants. The Carson Depot is regarded as a key sales and property tax generator for the City in the near and long-term.
 
The Arbors at Carson
  This is one of Carson's newest residential housing developments located on a 15-acre site along Avalon Boulevard just north of Sepulveda Boulevard. This site was composed of two parcels under two different ownerships. One parcel was a vacant lot, and the other was an unoccupied, outdated and dilapidated strip center. The Agency successfully brought both owners together and assisted them preparing a proposal for residential development. The ultimate result was the purchase of both parcels by Centex Homes and the development of one coordinated market-rate housing project. No Agency financial assistance was necessary. Centex Homes, one of the leading and largest homebuilders in the U.S. with operations in more than 90 markets in 25 states, completed the 147-unit single family project known as "The Arbors at Carson."
 
British Petroleum (BP) Office
  A 125,000 square foot office building was completed in May 2007, a portion of which was owned by BP and a portion which was sold by the Agency to BP. Furthermore, the 10-acre Agency property was split with half sold to BP, which combined its own 10 acres, to develop BP's 15-acre business park and headquarters. BP optioned the remaining Agency-owned five acres for possible future expansion of the 15-acre business park.
 
Southbay Pavilion
  The Hopkins Real Estate Group (HREG) and Genesis Shamrock Holdings purchased Southbay Pavilion in April 2003. HREG went on to renovate the Pavilion at its own expense, including the addition of a new Target anchor store, Chili's Restaurant, new post office, Washington Mutual Bank, and a 24-Hour Fitness Center. Thereafter, the Agency assisted HREG in attracting national tenants Old Navy and Children's Place, and constructing interior common area and tenant improvements. The Agency entered into an Owner Participation Agreement (OPA) with the HREG in November 2006 and improvements were completed in January 2009. The Agency provided $4.6 million to assist in remodeling and securing new tenants to create an upbeat common area and improved over 35,000 square feet in tenant spaces. Some of the national tenants that were brought in include: IKEA, The Children's Place, Panera Bread, San Sai Japanese Grill, 5 Guys Burgers and Old Navy. The improvements and new businesses brought a new shopping experience to the community, as well as new jobs for local residents, and increased sales tax revenues. The community now has a local gathering place to shop, eat, work and play. On Thursday mornings, a southwest portion of the parking lot serves as home to a weekly Certified Farmer's Market. In July 2009, Fred Sands purchased Southbay Pavilion through his Brentwood-based Vintage Real Estate, LLC, a wholly-owned division of Vintage Capital Group, an investment firm founded by Mr. Sands.

 

 

 

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