It will contain fifty-four(54) retail stores ranging in size from 239 to 36,848 square feet(approx.). The california Marketplace will consist of five level parking structure in the Wilshire Commercial District of Los Angeles. The project will be built on the corner of South Western Avenue and 5th Street. Current lessees include high profile tenants such as, Gaju Market(a grocery store). The property is expected to be fully occupied upon completion and will have an estimated value of approximately $60 million based on appraisal.
California Marketplace was designed by Gruen Associates AIA. Gruen Associates was established in 1946 and has designed such projects as, The Museum of Contemporary Art in Los Angeles, the South Coast Plaza, and the Los Angeles Convention Center Renovation & Expansion.
Our Principles of Turning Ordinary Company to Extraordinary We opened our 1st supermarket in 1987. We have been a very conservative company, trim and healthy on the inside and we want to create a new beautiful, chic shopping center to satisfy our customers. We’ve performed extensive evaluation of our brand through private surveys, professional firms, and our economic advisors such as Morgan Stanley and other qualified marketing strategists. Our brand has value and has had loyal customers for decades.
Further, we believe it’s a perfect time to recognize loyal customers who are craving for more value in our brand name, enough for us to expand and fulfill this vision, and to create a new culture in the supermarket shopping experience, making it a pleasant and memorable one. We have our new vision ready to implement, with new changes, branding, labels and store memorabilia.
By reinventing products, (branch lunch box and many others) and putting community customers at the center with value promotions and relationships, (media & health watch, healthy habits events, and other promotional media tools); we plan on turning California Marketplace into the extraordinary shopping experience our customers deserve.