NIMBY payday? Developer RREEF moves forward with Manhattan Beach mall makeover after settling lawsuit
City council approved the massive redevelopment project in 2014
The Manhattan Village shopping center in Manhattan Beach will finally get a makeover, following a lawsuit settlement.
A neighborhood group, Sensible Citizens of Manhattan Beach, withdrew its appeal earlier this month against mall owner RREEF America over its planned renovations for the 44-acre mall, the Daily Breeze reported. Terms of the settlement were confidential, so it’s unknown what amount of cash or concessions led the group to send the city a letter supporting the redevelopment they had been fighting for three years.
RREEF, a real estate trust and subsidiary of Deutsche Bank’s Asset and Wealth Management, proposed the project in 2006 and received the city’s approval in 2014. Sensible Citizens filed its lawsuit that year to stop the mall’s expansion. A judge ruled against the neighborhood group nine months ago, but the group filed an appeal in February before finally settling the matter out of court on Aug. 10.
Renovations on the 38-year-old mall at Rosecrans Avenue and Sepulveda Boulevard will include three above-ground parking decks, the consolidation of two Macy’s stores and open-air shops coined “The Village Shops” that will connect to the enclosed portion of the mall.
RREEF plans to raze more than 70,000 square feet of restaurant and retail space to replace it with 194,644 square feet of new construction. It’s expected to be completed by 2020. [DB] — Subrina Hudson