Construction Underway on $80 Million The Point

by Nate Hunter

Los Angeles — The Point, an open-air project in the South Bay area of Los Angeles, will open in 2015.

Los Angeles — Federal Realty has begun construction on The Point, an $80 million shopping destination set to open in 2015 in South Bay. The Point, located at the intersection of Rosecrans Avenue and Sepulveda Boulevard, will transform a vacant lot into a 115,000-square-foot center.

The open-air project will feature more than 25 tenants with leasing already underway. The company is targeting regional tenants, chef-driven restaurants and emerging national brands to occupy space at the property. The Point will also include a children’s play area, seating with fire pits, an outdoor grassy area for gatherings.

Architects Orange designed the project and Snyder Langston is the general contractor.

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