Marlton Square
Encyclopedia
Marlton Square is a one block, 22 acres (89,030.9 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.
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.
. 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.
Los Ángeles
Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...
. 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
Baldwin Hills Crenshaw Plaza
Baldwin Hills Crenshaw Plaza is a shopping mall , whose first two stores opened in October and November of 1947. The original open-air complex, known as the Broadway-Crenshaw Center, was located in Los Angeles, California...
shopping center.
Redevelopment
In 2003, developers broke ground in the first phase of the Marlton Square redevelopmentRedevelopment
Redevelopment is any new construction on a site that has pre-existing uses.-Description:Variations on redevelopment include:* Urban infill on vacant parcels that have no existing activity but were previously developed, especially on Brownfield land, such as the redevelopment of an industrial site...
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
Keyshawn Johnson
Joseph Keyshawn Johnson is a former American football wide receiver, interior designer, business executive, author and current television broadcaster for sports channel ESPN. He retired from football on May 23, 2007 after an eleven-year career in the National Football League...
Ultimately these problems overwhelmed the developer, and amid complaints of mismanagement the redevelopment of Marlton Square has stalled in bankruptcy.
Bankruptcy
As of the end of 2009 Buckingham Place is largely finished but remains unopened due to bankruptcyBankruptcy
Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....
. 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.