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The bird’s eye view of the San Pedro Public Market at dusk depicts the destination’s portside setting with direct waterfront access along the 42-acre site. A dynamic mix of dining, entertainment, educational, shopping, and outdoor activities show the range of attractions planned for the site. The proposed 6,000-person outdoor concert venue in association with Nederlander Concerts and Battleship USS IOWA at its proposed new location are depicted at the south end of the site. Image courtesy of RAPT Studio, lead project architect and James Corner Field Operations, landscape and urban designers

Several items related to San Pedro’s waterfront development — including the approval of an investment equity partner — are on the port board’s agenda for Thursday, Nov. 21.

A groundbreaking for the project is still on for spring, with the initial parcels for the project construction set to be turned over by the port to the developers of the San Pedro Public Market in March.

On the agenda for board approval are items that provide for:

  • Reimbursement from the San Pedro Public Market, LLC, to the City of Los Angeles Harbor Department for staff and consultant costs associated with the environmental assessment for the development of the outdoor amphitheater and concert venue on the site; that work is scheduled to begin at the first of the year;
  • Extending the lease agreement from 50 to 66 years; a 50-year ground lease was awarded to the waterfront developers by the city of Los Angeles in September 2017, but a longer lease period makes it easier for developers in large, public-private ventures such as this one to attract outside investment and tenants;
  • Expanding terms that allow the developer to access the area for site preparation and pre-construction work before taking full possession of the property;
  • Transferring 80 percent ownership interest in the project’s lease terms to Osprey Investors which several months ago signed on with an equity financial pledge to provide $30 million toward the project; day-to-day planning, development and construction will remain under the control of the primary development partners, The Ratkovich Co. and Jerico Development.

The agreement with Osprey, an equity finance firm in Spokane, was announced by waterfront developers in March. The infusion was considered a significant milestone by developers and guarantees completion of the project’s design and permitting process.

The first phase of the waterfront development is expected to open in 2021.

The Los Angeles Board of Harbor Commissioners also is scheduled to vote on the award of a $33 million contract to Griffith Company for construction of a 4-acre town square adjacent to the Los Angeles Maritime Museum and the next section of the 30-foot wide promenade, from Berths 74 to 84, in the waterfront development project.

This was the second round of bids for the companion projects and the delay of having to go back out for proposals delayed those pieces — but not the project as a whole — by six months.

Seven bids were received for the combined project in the initial round conducted in summer 2019. But technicalities disqualified the three preferred bids and the others were over budget, prompting a do-over in the selection process that is expected to delay the start of construction of the town square and promenade to January 2020. Construction was due to begin in September 2019.

Griffith Company was one of the earlier bids submitted. The Santa Fe Springs company submitted the lowest bid.

Also on the agenda is a motion to approve a four-year extension on the planned pedestrian bridge that is part of Wilmington’s waterfront development.

A  2017 agreement was awarded to T.Y. Lin International for engineering and design work. Now, additional time and funding will be needed due to delays associated with the removal of a Los Angeles Department of Water and Power tank, a need for more public outreach on the waterfront gateway feature, and the design of added elements such as restrooms.

Design work is expected to be complete in 2021 with construction schedule to begin later that year.

The Los Angeles Board of Harbor Commissioners is set to consider and vote on all of the matters at its regular meeting at 9 a.m. Thursday, Nov. 21, at the Harbor Administration Building, 425 S. Palos Verdes St., San Pedro. The meetings also are live-streamed and available later as videos on the port’s website, www.portoflosangeles.org/.

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