from today's LABJ (4/21):
Special Report: The Promise of San Pedro
Special Report: Real Estate Quarterly
By HOWARD FINE - 4/21/2008
Los Angeles Business Journal Staff
"Once a bustling waterfront community full of fishermen, cannery workers and shipbuilders, downtown San Pedro has in recent decades become a symbol of urban decay." ....
"Seedy bars and tattoo parlors, mom-and-pop stores struggling in half-vacant buildings and low-income housing projects – all within yards of the waterfront and the massive Port of Los Angeles complex.
But, finally, San Pedro is showing some signs of new life.
Led by a wave of loft and condominium developments, more than 1,200 residential units have been completed or are under construction, most of these in five major projects that also contain tens of thousands of square feet of retail space. New businesses are opening up, halting a decades-long business exodus. In addition, plans for a waterfront makeover are finally getting some serious attention." ...
for the complete story
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