Christian Stan, at 20 Jun. 19, in News

San Pedro Public Market (SPPM), the $150 million food, entertainment, and recreation destination planned on 42 acres along the main channel of the Port of Los Angeles, announced that it has secured $30 million in equity financing from Washington State-based Osprey Investors.

With its equity financing in place, SPPM will complete the design and permitting process and proceed with its scheduled February 2020 groundbreaking, provided the Los Angeles Board of Harbor Commissioners approves the equity investment in early July. With the Harbor Commissioners’ approval, the San Pedro Public Market could celebrate its grand opening as early as 2021.

These most recent images of what’s planned show outdoor gathering spaces oriented around outdoor dining and large walkways. The project will include a food hall and a “container kitchen,” which appears to feature food stalls housed in repurposed shipping containers.

The first phase of the project will also include a 6,000-seat outdoor amphitheater to be used for concerts and other entertainment. Developers announced in March that they’d entered into an official agreement with Nederlander, the former operator of the Greek Theatre, to realize the venue.

The project will replace the old Ports O’ Call Village. Preparation for demolition of the old-timey fishing village’s storefronts began in early 2018. By that time, work had already begun on portions of the project, including a new entrance for the public market.

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