Construction has begun for the long-awaited revamp of San Pedro‘s Ports O’ Call Village. The project proposal includes the development of the waterfront West Harbor development with new shops, restaurants, and an amphitheater.
The Ratkovich Company and Jerico Development are the project developers. Studio One Eleven is responsible for the designs.
The developers secured a $90-million construction loan. The funding supplements $65 million of investor equity, and will go toward the construction of a 42-acre complex on the Los Angeles Waterfront that is approved to ultimately feature more than 330,000 square feet of retail, restaurant, and other commercial uses.
Anchor tenants that have already been confirmed for the complex include the first satellite location of Hollywood’s Yamashiro restaurant, King & Cantina, a market hall, and off-leash dog park bar and cafe Bark Social. Additionally, plans call for a roughly 6,200-seat amphitheater, which is being developed in partnership with the Nederlander Organization.
Other confirmed tenants include: Mike Hess Brewing, Hopscotch, Poppy + Rose, Sugar Factory, Jay Bird’s Chicken, Pitfire Pizza, The Win-Dow, Olala Crepes, Marufuku Ramen, Mario’s Neighborhood Butcher Shop and Delicatessen, The Baked Bear, and Harbor Breeze Cruises.
Besides the entertainment venue and commercial uses, an environmental report recently circulated by the City of Los Angeles also points to another tourist attraction at the West harbor – a proposed tower feature featuring a gondola and concessions. The gondola would carry up to 15 passengers at a time up to 115 feet above ground.
The West Harbor, which is slated for completion in 2024, makes use of Commercial Property Assessed Clean Energy (or C-PACE) to cover the up-front costs of energy and water-efficient infrastructure under more favorable terms than otherwise available through conventional financing. In a news release, the project team noted that the fixed-rate terms of C-PACE financing are helpful at a time when interest rates have risen steadily.
The West Harbor follows more than $600 million that the Port of Los Angeles has invested into the waterfront between 2005 and 2015, with an additional $400 million to be spent by the year 2025. Those improvements have brought new open space to San Pedro and Wilmington, such as the new Town Square & Promenade, which debuted late last year.
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Kind of odd that none of the rendering include the USS Iowa. I would think that the famous battleship is the main draw and anchor. Am I missing something?
I have concerns about the design sustainability within public interest and the realization of the reflection tablet used. To clarify, the design is an issue due to the fact it is reflecting institutional framework, more specifically, prison institutional framework. It would only be a matter of time before the idea behind the architecture design is demonized and set forth by extremist groups for dismantling and destroying. Given we are already at Target for the world as the second largest distribution port in the world, my concerns are a national security issue and an overall moral standard for the prisons mirror us we do not mirror the prison industry and or Union no matter how much money is being contributed. The people, the citizens, the taxpayers will eventually pay for something they didn’t even know they were purchasing or for better terminology becoming liable for the maintenance of an uneasy structural design reflecting the parts of our societal developmental educational citizenship that may or may not be just ready show the world their best as an active member of local communities and or US citizenship.
Fya I was a commercial fisherman for 5 years off of 73 in San Pedro and my last name is on the fisherman’s wharf memorial