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LOCAL DEVELOPMENTS

The New Kids on the Block – Sofi Stadium & The Hollywood Park Development

It is set to be another exciting year in Inglewood with the opening of Sofi Stadium, the new home of the LA Chargers and LA Rams, and the ongoing development of Hollywood Park.

Located on the site of the former Hollywood Park racetrack in Inglewood, the state-of-the-art SoFi Stadium will be the new home of the Los Angeles Rams and Los Angeles Chargers.

Scheduled to open in the summer of 2020, SoFi Stadium is the centerpiece of a 298-acre mixed-use development that will include two million square feet of Class A commercial space, 2,500 modern residences, a 70,000-seat stadium, 6,000-seat performing arts venue, 300-room luxury hotel and 25 acres of public parks.

In addition to holding NFL regular season games for both teams, the indoor-outdoor facility will also play host to the 2023 College Football National Championship Game and the Opening and Closing Ceremonies of the 2028 Olympic Games. The stadium will initially open its doors to the public for a pair of Taylor Swift concerts in July.

The developers of the Hollywood Park development have already announced their first tenants: a beer garden and eatery, a fancy movie theater, and a gym. These businesses will be part of a 500,000 square-foot “district” with shopping and entertainment options.

A new 12-screen Cinépolis Luxury Cinemas is one of the announced arrivals. The theater will feature in-theater waiter services and offer a food menu and full bar.

The “beer garden” and eatery will be run by Lynne Weaver, founder of the Three Weavers Brewing Company. The 20,000-square-foot space will include on-site brewing and outdoor seating, and it is slated to host live entertainment. This new site will accompany their existing brewery in Inglewood.

The gym will be the second location of the Long Beach-based Olympix Fitness. The 21,000-square-foot gym will be capped off by a rooftop swimming pool.

The stadium-adjacent housing will consist primarily of apartments and townhouses, interspersed with roughly two dozen acres of parks and open space, designed by Studio-MLA. An artificial lake, complete with waterfalls, will be a centerpiece to the community space.

More details will be released in due course – watch this space!

Erica Lockhart – DRE 01763313
Lorin Ruttenberg – DRE 01309588
Compass is a licensed real estate broker licensed by the state of California and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.