The Waterfront is primed for a once-in-a-generation revitalization opportunity, expecting as much as $200 million in public and private investment. Many Waterfront business owners have committed to significant renovations over the next three years. The City is also investing in public facilities in the area, including:
• Brand new Joint Harbor Patrol and County Lifeguard Facility • Renovation of the Seaside Lagoon Building • Pier Streetscape Improvements • Pier Parking System Upgrades • Moonstone Park at the end of Marina Way • Harbor Drive Streetscape Improvements
Some of the area's most prominent recent improvements are attributed to partnerships with private investors and developers including the architectural renovation of RDR Properties' Redondo Landing building on the Pier and the recent groundbreaking of the Zislis Group's Shade Hotel on Harbor Drive, with an expected opening in 2015.
Finally, the most significant component of the revitalization effort is the kick-off of the 15-acre redevelopment, stewarded by CenterCal Properties. CenterCal, an El Segundo-based retail, restaurant, and lifestyle center developer, was selected by the City Council in October 2012 after a six-month vetting process. CenterCal has already hosted a series of community workshops and is committed to working closely with the City and its residents to finalize plans that will shape the Waterfront with new life, vigor, and vitality.
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