Main Content

Baldwin Hills Crenshaw Plaza Gets A New Owner With Plans To Modernize The Center

Crenshaw Mall

Harridge Development Group bought the mall from a Chicago private equity fund for about $111 million, said David Schwartzman, chief executive of Harridge. His company also bought the Macy’s department store building in the mall in a separate transaction of more than $30 million with Macy’s Inc., he said, giving Harridge control of almost the entire 42-acre site that straddles Martin Luther King Jr. Boulevard at Crenshaw Boulevard.

Schwarzman said he plans to start building housing on a parking lot near an Albertsons grocery store within a year and a half and move on to other additions and improvements while keeping the mall operating. The entire project will cost about $1 billion including the purchase price, he said, and could take as long as seven years.

“It’s an iconic piece of property with a tremendous amount of cultural significance,” he said. “The area is going through a huge revitalization and we think this is an amazing opportunity to do a mix of housing, retail and office all in one location.”

Contributing to revitalization in the area is a light-rail line under construction that will connect the Crenshaw neighborhood to the region’s Metro train system by next year and include an underground stop at the mall.

Get In Touch

Stay In Touch
Stay updated on latest listings, real estate information and community updates.

    Skip to content