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.
-- 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