Revitalization of the Redondo Beach Pier and waterfront will significantly improve the desirability of Redondo Beach Real Estate in both 90277 and 90278. Besides having a great new destination to go to, everyone's property values will go up. And make no mistake about it, people are looking for new places to go if you remember how quickly The Point in El Segundo became a hot spot. Basically five minutes after ti opened.
The Daily Breeze just published a great article regarding what's going on and a video prepared by CenterCal, the developer of this $300 million project.
Overall, the project calls for the demolition of about 220,000 square feet of existing structures — including the crumbling pier parking structure — and the building and renovating of up to 523,000 square feet of retail, restaurant, creative office, movie theater and other space.Business owners in Redondo Beach have long called for revitalization of the aging, neglected waterfront.