Planning for $500M Phase II is underway with a draft EIR to be issued in mid-2007, covering a new mixed-use development with increased retail, a residential tower adjacent to the mall and additional parking. In total, there will be 360,000 sq. ft. of commercial space, 118,000 sq. ft. of office and a 945,000 sq. ft. of residential providing 262 units condominium.

The project will consist of a 23-acre shopping center which includes 750,000 sq. ft of retail, 70,000 sq. ft theater, 3,850 parking spaces, and improvement to the streets and landscape surrounding the area.

811 construction related jobs and 566 permanent jobs and project value

This project will create a 1,207-acre “BioMedTech Focus Area”, leading to development of a new life sciences research and development park adjacent to the newly renovated Los Angeles County (LAC) General Hospital and USC Health Sciences Campus.

The project will create an estimated 8,500 construction-related jobs and 5,000 permanent jobs in the Boyle Heights area.

Centre Street Lofts is anticipated to be completed in December 2006 and will offer 116 live work, for-sale market rate units, ground floor retail and public parking. The Disposition and Development Agreement provides for an affordable housing component whereby the Agency will offer "soft second" mortgage financing averaging $198,000 per unit to 17 moderate-income families and a Net Profit Sharing component where Agency will share in 37% of the Net Sales Proceeds from the residential condominium sales.

This will be the first for sale housing product in Downtown San Pedro east of Gaffey Street in more than 20 years. It offers 20,500 square feet of ground floor retail; an interactive public art component and 312 parking spaces of which 40 are not code required and will be available to the public. Construction began March 2005 and is anticipated to be completed in Nov. 2006.

This project will create 100 construction related jobs and 30 permanent jobs.

The proposed new Waterfront Promenade offers approx. 8 miles of open space, new commercial and residential development opportunities and an expanded Cruise Ship Terminal. CRA/LA, with community support, advocated east west pedestrian and vehicular connections to the Water.

The Port Master Plan includes a number of east west connections. Primarily of benefit to Downtown San Pedro are the proposed 7th Street Pier, 5th and 6th Street Plaza, Maritime Museum Complex and new vehicular entrance to the Cruise Ship Terminal via 1st Street.

The first segment, Cruise Ship Promenade at the Vincent Thomas Bridge was completed and opened to the public in Dec 2004.

The proposed Midtown Plaza project will redevelop a site that has been blighted and underutilized for a number of years. This project will include 377,000 square feet of retail/commercial uses. The retail/commercial uses will include a home improvement anchor tenant, a complimentary second national tenant, sit-down restaurants and a Metropolitan Transit Authority (MTA) transit center.

The capital investment for the project is projected at $114M and is expected to create 760 temporary construction jobs and 125 permanent jobs.

The proposed Lanzit Industrial project contemplates 5-9 individual industrial buildings on 10 acres of vacant land in the Watts area of Council District 15. The project is expected to redevelop this existing Brownfield site to a viable industrial park thereby bringing local jobs to the local community.

The capital investment for the project is projected at $14M and is expected to create 733 temporary construction jobs and a minimum 300 jobs throughout the industrial park.

In April, 2006, the Mayor unveiled Phase 1 of this $2 billion project, which began construction in 2006 and ends in 2010. Jobs are union and living wage, with construction jobs estimated at 25,000 for all phases. The project will include housing units, retail development, streetscape improvement, public open space, office space, renovation to the Civic Mall next to the County Hall of Administration, and a 225-room hotel.

In Fall 2005, commenced construction for this $1.2 billion project that will create more than 25,000 jobs, produce more than $18 million in new annual tax revenues, and draw over 10 mm visitors annually. Mayor led the Convention Center Hotel resolution and helped attract needed equity for the project. In September, 2005, the Mayor attended the ground breaking ceremony for Phase 1, scheduled for completion in 2007. L.A. Live will include a 1,200-room hotel high rise adjacent to the Convention Center. It will include ballroom and meeting room space, restaurants, parking and for-sale condominiums.