Jordan Downs Redevelopment

Retail & commercial space that incorporates full-service grocery stores, restaurants, and retail shops.

Investment

  • NMTC Amount: $40,750,000
  • Total Project Cost: $48,398,580

IMPACT

  • 344 FTE jobs
  • 422 construction jobs

Investor

Project Description

Retail & commercial space that incorporates full-service grocery stores, restaurants, and retail shops. In addition to job creation, the project will provide opportunities for training and advancement, jobs and benefits for low-income persons, and goods and services for low-income communities.

The Jordan Downs Plaza is a public/private partnership and part of the Jordan Downs revitalization project in the South Los Angeles neighborhood of Watts. The revitalization project is a mixed-use, mixed-income redevelopment of a 1950s-era community that will maximize solar opportunities, energy efficiency, environmental sustainability and include substantial community spaces. The project is part of a five-phase masterplan and provides much-needed commercial space – including a grocery store, gym and retail shops, as well as more than 300 new permanent and construction jobs for area residents.

MAP

Address: 9800 Laurel Place, Los Angeles, CA 90002

Census Tract: 6037242100

Other California Projects

NMTC financing helped the Shasta Community Health Center to fund Phase III of an expansion project for SCHC’s main medical facility in Redding, California.
NMTC financing supported the San Pablo Helms Community Center project.
NMTC financing supported the TMP Services, Inc. project.