LA County seeks new developer for San Pedro’s old courthouse

The county cut ties to Holland Partner, which wanted a free lease for the mixed-use project

Los Angeles /
Mar.March 28, 2018 09:00 AM
The closed county courthouse building at 505 S. Centre Street in San Pedro

The verdict is in: Holland Partner is out at the San Pedro courthouse redevelopment project.

Los Angeles County is looking for a new firm to redevelop the shuttered county courthouse building in downtown, after cutting ties with Holland Partner Group over financing and terms.

The county had been in exclusive negotiations with Vancouver-based Holland to develop a mixed-use project at 505 South Centre Street. Holland wanted a 67 percent reduction in property taxes and a free lease for the entire 66-year development agreement, according to the Daily Breeze, which first reported on the story.

The county also wanted to require Holland to commit to a full project labor agreement for the planned construction, which further constrained the financials.

L.A. County supervisor Janice Hahn said the county is now “seeking new developers to submit their proposals…as soon as possible,” the Daily Breeze reported. The 1.8-acre site is situated between San Pedro’s historic downtown and the Port of Los Angeles. The area has seen a number of projects recently. A company affiliated with SpaceX recently filed plans to develop a new manufacturing facility at the Port.

For the courthouse project, the county formally tapped Holland in November 2016, two years after shutting down the building. Now that Holland is out, local officials are concerned about further delays. Councilman Joe Buscaino suggested that the county could sell the parcel.

Holland, meanwhile, has other projects in the pipeline. The firm announced last week that it was developing a 271-unit apartment building in Long Beach.

[Daily Breeze] — Dennis Lynch


Related Articles

arrow_forward_ios
OC Health Care Agency's Dr. Clayton Chau (Getty)
OC Health Care Agency chooses contractor for $78M HQ in Irvine
OC Health Care Agency chooses contractor for $78M HQ in Irvine
A photo illustration of MemorialCare Health's Barry Arbuckle along with the current site at 654 Camino De Los Mares in San Clemente (top) and a rendering of the planned senior housing redevelopment (bottom) (Getty, Google Maps, MemorialCare Health)
MemorialCare to convert shuttered San Clemente Hospital into senior housing
MemorialCare to convert shuttered San Clemente Hospital into senior housing
8209 Sepulveda Boulevard in Los Angeles (Google Maps, Getty)
Nonprofit to build 91-unit apartment complex in Van Nuys
Nonprofit to build 91-unit apartment complex in Van Nuys
Real Estate Development Associates' Jason Krotts and Bill Goltermann; South Ontario Logistics Center, Euclid and Merrill Avenues, Ontario (Real Estate Development Associates, Getty)
Real Estate Development Associates eyes 2.9M sf warehouse hub in IE
Real Estate Development Associates eyes 2.9M sf warehouse hub in IE
Prologis' Hamid Moghadam and rendering of 1716 E. 7th Street (Prologis, Getty, Jackson Liles)
Prologis to build 8-acre studio production campus in DTLA
Prologis to build 8-acre studio production campus in DTLA
J.P. Morgan's Mary Callahan Erdoes and Water Garden at 1620 26th Street in Santa Monica (Getty, Water Garden LA)
Water Garden asking price: $1.4B
Water Garden asking price: $1.4B
Diane Shammas and rendering of proposed Ford dealership (Pitzer College, Felix Chevrolet, Getty)
Shammas family plans New Ford dealership in DTLA
Shammas family plans New Ford dealership in DTLA
Burnham Ward Properties' Bryon Ward, Bellwether Financial Group's Joe Ueberroth and R.D. Olson's Bob Olson with a rendering of the redeveloped Dana Point Harbor (Burnham Ward, Bellweather Financial Group, RDO Development, Dana Point Harbor Partners)
OC developers unveil “coastal vintage” look for Dana Point Harbor
OC developers unveil “coastal vintage” look for Dana Point Harbor
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...