A 60-year-old bowling alley in Torrance won’t be spared if the city approves a new retail complex under consideration, which would be anchored by an Aldi grocery store, and include a Chick-fil-A restaurant.
The proposed 25,700-square-foot complex would replace the Palos Verdes Bowl at 24600 Crenshaw Boulevard, according to a filing. The new development would rise on the corner of Amsler Street, and include the 18,800-square-foot Aldi grocery store, 3,700-square-foot Chick-fil-A and a 3,150-square-foot bank.
The property is owned by Industrial Bowl Corp. and Ivanhoe Investment, which is managed by Lois J. Cox, according to records. The proposed development’s applicant is listed as Frank Coda. He did not return requests for comment.
The 40,100-square-foot bowling alley is still in operation on the 3-acre lot. The Torrance Planning Commission was expected to consider the proposed development this week.
The proposal comes as brick-and-mortar retail centers continue to struggle, and as more big-box locations stores shut down. A new CBRE report on the Greater Los Angeles retail market showed it has been four years since the construction of an outlet center was completed.
Torrance, however, has seen more office and industrial activity. The office space at the Gateway Towers sold for $106.5 million in October, and Prologis purchased 31 acres of industrial land for $49.3 million in September.