- Marlton Square
Marlton Square is a one block, 22-acre (89,000 m2), retail and residential area located in the Crenshaw district of Los Angeles. It is also known as Santa Barbara Plaza. The site has been the center of a long running controversy involving the developer Capital Vision Equities, the Los Angeles City Redevelopment Agency, and the tenants of Marlton Square. It is bordered by Martin Luther King Jr Blvd on the north, Marlton Ave on the east, and Santa Rosalia Dr on the south, and Buckingham Road on the west. Across Marlton Ave is the Baldwin Hills Crenshaw Plaza shopping center.
In 2003, developers broke ground in the first phase of the Marlton Square redevelopment project. This phase involved constructing the Buckingham Place Senior Housing project, a 180-unit apartment complex. The project was scheduled to be completed in spring of 2004. Several million dollars of public and private funding have been awarded to the project.
Although the redevelopment project began with concerns of political favoritism, it was billed as "the catalytic project for the Baldwin Hills, Crenshaw communities", and a lynchpin development project for the entire area.
While initially promising, financial difficulties and other problems quickly beset the project. Capital Vision Equities' first check to the city bounced in 2001 and the testimony of whistle-blowers lead to an audit by the Ethics Commission early on in the project.
Several other agencies have been involved with the development project, including Keyshawn Capital Development, which is run by pro football player Keyshawn Johnson
Ultimately these problems overwhelmed the developer, and amid complaints of mismanagement the redevelopment of Marlton Square has stalled in bankruptcy.
As of the end of 2009 Buckingham Place is largely finished but remains unopened due to bankruptcy. Much of the retail space in Marlton Square has been empty for years and have fallen into disrepair. In 2008 there were no visible signs of redevelopment of the retail space.
- In 2010, Leimert Park Beat: The Soul of Los Angeles partnered with Intersections South LA Report and Spot.us to create the definitive report on the Marlton Square/Santa Barbara Plaza fiasco.
- ^ http://nreionline.com/property/multifamily/real_estate_public_investment_support/
- ^ http://www.lasentinel.net/Marlton-Square.html
- ^ http://www.allbusiness.com/real-estate/commercial-residential-property/5686010-1.html
- ^ http://www.highbeam.com/doc/1G1-104542691.html
- ^ http://articles.latimes.com/2002/nov/15/local/me-plaza15
- ^ http://www.highbeam.com/doc/1G1-100106472.html
- ^ http://www.highbeam.com/doc/1G1-100426195.html
- ^ http://www.youtube.com/watch?v=7zyNIMQAWO8
Wikimedia Foundation. 2010.
Look at other dictionaries:
Marlton, New Jersey — CDP Map of Marlton CDP in Burlington County. Inset: Location of Burlington County in the State of New Jersey … Wikipedia
Marlton, Maryland — CDP … Wikipedia
Evesham Township, New Jersey — Infobox Settlement official name = Evesham Township, New Jersey settlement type = Township nickname = motto = imagesize = image caption = image mapsize = 250x200px map caption = Evesham Township highlighted in Burlington County. Inset mapsize1 =… … Wikipedia
Colmar Manor, Maryland — Town Seal … Wikipedia
Cherry Hill, New Jersey — Township Motto: You couldn t pick a better place … Wikipedia
Upper Marlboro, Maryland — Infobox Settlement official name = Upper Marlboro, Maryland mapsize = 250x200px map caption = Location of Upper Marlboro, Maryland mapsize1 = map caption1 = subdivision type = Country subdivision name = United States subdivision type1 = State… … Wikipedia
Cherry Hill Township, New Jersey — Infobox Settlement official name = Cherry Hill Township, New Jersey settlement type = Township nickname = motto = imagesize = image caption = image mapsize = 250x200px map caption = Location of Cherry Hill Township in Camden County. Inset;… … Wikipedia
Medford, New Jersey — Township Medford Township highlighted in Burlington County. Inset map: Burling … Wikipedia
List of turnpikes in New Jersey — For the turnpike built in the 20th century, see New Jersey Turnpike. This is a list of turnpike roads, built and operated by private companies in exchange for the privilege of collecting a toll, in the U.S. state of New Jersey, mainly in the 19th … Wikipedia
Notable areas, landmarks, institutions and businesses of Gotham City — This article lists notable areas, landmarks, institutions and businesses of the fictional Gotham City.Comic book continuity *Ace Chemical Processing Inc. The factory where a costumed criminal named the Red Hood fell into a vat of chemicals and… … Wikipedia