By Megan Barnes, : Daily Breeze – excerpt
The developer behind a controversial mixed-use project planned for an aging strip mall in south Redondo Beach has reached a settlement with the city to build a smaller version under more strict conditions.
Legado’s latest plan for the former Bristol Farms site on the corner of Palos Verdes Boulevard and Pacific Coast Highway still calls for 115 apartment units and brings the project’s commercial footprint down to 21,539 square feet, but the developer faces a $1 million penalty if it doesn’t meet deadlines for the renovation of the fire-ravaged Palos Verdes Inn, officials said… (more)
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