Nixon Peabody clients Genesis LA Economic Growth Corporation, Los Angeles Development Fund, and California Statewide Communities Development Corporation closed financing to facilitate the redevelopment of Jordan Downs Plaza, part of one of the largest urban redevelopment projects in the United States.
Located at a former public housing and industrial site in Watts, a neighborhood in south Los Angeles, the 9.5 acre outdoor shopping center will serve as an engine of economic growth for the region. Once open, it will include a fitness center, full-service supermarket, and interactive water installment. National and local retailers will also have the opportunity to open stores at the plaza, creating hundreds of jobs for local Watts citizens.
Occupying the two-mile square radius between the extended Century Boulevard and Alameda Avenue, Jordan Downs Plaza will feature an open-air, drought-tolerant landscape and incorporate sustainable materials and environment-friendly building principles.
Construction for Jordan Downs Plaza broke ground on June 15, 2018.
Nixon Peabody’s team was led by Los Angeles-based counsel Sonia Nayak (Picture) and Washington, DC-based associate Kyle Mallery, and included assistance from partner Michael Goldman, partner David Schon and partner Elizabeth Young, all of Washington, DC.
Law Firms: Nixon Peabody LLP;
Clients: Genesis LA Economic Growth Corporation;