On November 30, 2023, HACLA’s Board of Commissioners certified an Environmental Impact Report for the One San Pedro (“OSP”) Specific Plan Project (“Project”), adopted Environmental Findings of Fact under the California Environmental Quality Act, a Statement of Overriding Considerations, and a Mitigation Monitoring and Reporting Program; and approved the Project. The Board of Commissioners also authorized the President and CEO, or designee, to accept $3,579,250 in funding from the City of Los Angeles for use in the acquisition of the 327 N. Harbor Blvd. site and enter into Amendment No. 3 to the First Amended and Restated Exclusive Negotiating Rights Agreement between HACLA and the Richman Group of Companies, Century Housing Corporation, and National Community Renaissance of California (collectively, the “Developer”), authorizing HACLA to enter into an Option Agreement to purchase a site located at 327 North Harbor Boulevard for an amount not to exceed $3,579,250 as well as to lend $3,579,250 to the Developer for the initial purchase of 327 North Harbor.
The project involves the development and occupation of 47 residential units at 327 N. Harbor Blvd., the adoption of the OSP Specific Plan to guide redevelopment of the Rancho San Pedro property, the phased demolition of existing Rancho San Pedro structures, and the construction of up to 1,553 residential units, 85,000 sf of Neighborhood Serving Uses and 45,000 sf of commercial retail uses on the Rancho San Pedro property.