Last night the Manhattan Beach City Council voted to approve a revamp of the Manhattan Village Mall which is located at the corner of Sepulveda Blvd and Rosecrans Avenue. The plans call for a $110 million renovation including 60,000 sq feet of pedestrian friendly space and open air shops near the CPK. The plan also calls for additional parking structures, a consolidation of the Macys space which currently anchors both sides of the mall, and an addition near the standalone electronics store, Frys.
The plan exists in a few phases and it’s far from ironed out yet, but it’s a good first step to improving this extremely valuable real estate. I would think that with El Segundo’s shopping development across the way, the Manhattan Village Mall has lost some business over the past few years. It’s a small mall with a limited number of shops and restaurants. The expansion could prove to make it more of a destination site and continue to drive revenue to the city.