Jordan Downs Plaza Gets Four New Tenants

Los Angeles — Nike, Smart & Final Extra, Ross Dress for Less and Blink Fitness have all signed leases at Primestor Development’s Jordan Downs Plaza, a mixed-use project in Los Angeles’ Watts neighborhood. The four retailers will occupy nearly 75 percent of the retail component of the $5 billion project. Situated on 9.5 acres, the 113,000-square-foot asset is scheduled to be complete this fall. At full build-out, the property will also offer 1,400 residential units. Financial backing for Jordan Downs is coming through the federal government through its New Market Tax Credit Program (which has allocations from Genesis LA, the California Statewide Communities Development Authority, the Los Angeles Development Fund and JP Morgan Chase) as well as the conveyance of property by ground lease from HUD and the Housing Authority of the City of Los Angeles.