LOS ANGELES, CA – December 20, 2023
The Los Angeles County Board of Supervisors has entrusted the revitalization of the iconic General Hospital in Boyle Heights to Centennial Partners, a Culver City-based developer renowned for its commitment to uplifting low-income communities. This $1-billion redevelopment project, approved during Tuesday’s board meeting, signifies a crucial step toward transforming the 25-acre grounds into a dynamic community and wellness center.
Centennial Partners, operating in a joint venture led by Primestor Venture Partners, stands at the forefront of this ambitious endeavor. The exclusive 18-month negotiating agreement grants Primestor and its partner, Bayspring Real Estate Partners, the opportunity to finalize plans for retrofitting the 19-story former hospital.
The comprehensive vision encompasses converting the building into housing and developing additional units, alongside retail spaces, offices, sports facilities, and parks on the west side of the property.
With a commitment of $129 million in local, state, and federal funds for the public-private partnership, the Los Angeles County Board of Supervisors aims to address pressing community needs. Supervisor Hilda Solis, a key advocate for the project, envisions the creation of up to 1,000 units of much-needed housing, responding to the community’s call for low-income and affordable housing.
Primestor’s detailed 267-page proposal outlines a vision for “an integrated, sustainable, and walkable neighborhood” that caters to diverse employment opportunities. The plan offers flexibility with three options, emphasizing community uses, office space, and residential areas. Arturo Sneider, Primestor’s founding partner and chief executive, highlights the importance of community input, stating, “We feel strongly about giving the people who live there a voice,” as the project aims to engage in an extensive feedback process.
The ambitious redevelopment project, projected to generate jobs and bring transformative change, is anticipated to conclude by the end of 2027, marking a new chapter for the historic General Hospital and the surrounding community.