In retail coup, downtown L.A. gets Target store

Retail giant Target Corp. is heading to downtown Los Angeles, part of a growing trend of big-box retailers taking advantage of a beaten-down urban real estate market.

The 7+Fig mall downtown — which has been without an anchor tenant since Macy's left early last year — will get the new Target, which will be smaller than most. It will also have a different merchandise mix, with a heavy emphasis on food and household basics and a reduced assortment of furniture and outdoor items. The store is expected to open in 2012, Target executives said, and will reside in a combined space on one floor formerly occupied by Macy's and Bullocks.

Read the full story here.

-- Andrea Chang and Roger Vincent

Photo: Bert Dezzutti, senior vice president of Brookfield Properties, with Carmen Moch, vice president for Target stores.  Credit: Gina Ferazzi / Los Angeles Times

Comments

[A.]

...and the residents of downtown REJOICED!

[Sam Zell]

Judging by the lighting of the developer and the Target executive seen in the photo, both appear to be zombies. Is Tribune Inc. now hiring its photographers from the local junior high school?

[Marina]

re: Sam Zell's comment

I was thinking that after the ghost story we'd all get to make s'mores.

[Steve Rodriguez]

Can you imagine downtown Shanghai, Hong Kong, London or Paris celebrating the arrival of a Target store? This goes to show you that LA is not a world class city, but a third world city!

[Cyndy Greger]

to Sam Zell:

Not Jr. High. Grade school.
I'd say probably 3rd grade.

[ColeslawPatriot]

If there's free parking this store will be a phenomenal success. It's surprising that the LA Times story doesn't discuss this critical issue.

[david]

Steven, there are tons of Target stores in nicer and richer parts of LA that no one is excited about. For an up and coming area that hasn't been livable for decades past? Yeah, it is exciting. BTW, NYC went crazy over the opening ofTrader Joes. Not exactly a 3rd world city.