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Giving Crenshaw a new look.


For the Crenshaw cren·shaw   also cran·shaw
n.
A variety of winter melon (Cucumis melo var. inodorus) having a greenish-yellow rind and sweet, usually salmon-pink flesh.



[Origin unknown.]
 Corridor, rehabilitation has been a slow and stunted ordeal. But developer Abe Shofet last year opened the Coliseum Center--an adaptive reuse project that has jump-started the process.

The corridor along Crenshaw Boulevard in South Los Angeles South Los Angeles is the official name for a large geographic and cultural area lying to the southwest and southeast of downtown Los Angeles, California. The area was formerly called South Central Los Angeles, and is still sometimes called South Central.  was once a booming center of local African American culture African American culture or Black culture, in the United States, includes the various cultural traditions of African American communities. It is both part of, and distinct from American culture. The U.S. , but since the 1992 L.A. Riots, it has been largely ignored by large developers with the money and vision to revitalize the area. The Coliseum Center was the first new large retail center to open on the street in years.

But for Shofet, co-owner and chief executive of Axiom Real Estate Investments Inc., the project was a challenging first stab at adaptive reuse.

Shofet said he is pleased with the $18 million development, which took six years to create and includes a Starbucks franchise in a former bowling alley coffee shop.

"We had to sort of make our way through the maze of regulations to try to find out how we could create a viable project," said Shofet, who admits he often butted heads with preservation advocates over the Holiday Bowl.

Shofet is no poster boy for historic preservation. He worked with the City Council and the Los Angeles Cultural Heritage Commission to reuse the coffee shop. which was designated a historic structure, but the bowling alley was razed raze also rase  
tr.v. razed also rased, raz·ing also ras·ing, raz·es also ras·es
1. To level to the ground; demolish. See Synonyms at ruin.

2. To scrape or shave off.

3.
. Holiday Bowl closed in 2000, the same year Shofet went into escrow to purchase the building from a partnership of local landowners. He did not close on the property until 2003 because of the complex preservation process that needed to be worked out with the city'.

The end result, even if it has not thrilled preservationists, has been a hit with the community and its leaders.

"The development is very important when you realize what it replaced," said City Council-member Bernard Parks, who represents much of the area. "We had a bowling alley barely hanging on. The community is overjoyed o·ver·joy  
tr.v. o·ver·joyed, o·ver·joy·ing, o·ver·joys
To fill with joy; delight.



o
 to have a sit-down restaurant and a combination of stores that gives a great deal of variety. It is a beautiful looking center the way it has been designed."

The 64,000-square-foot retail project at 3730 Crenshaw Blvd. opened March 30 with anchor tenants Big 5 Sporting Goods Big 5 Sporting Goods (NASDAQ: BGFV) is a sporting goods retailer headquartered in El Segundo, California with 344 stores in 10 western states. Steven G. Miller is the Chairman, President, and CEO. , Walgreens, a locally-owned Denny's franchise and the Magic Johnson Starbucks, among others. The Starbucks franchise preserved the original facade of the coffee shop, which opened in 1958 and features distinctive Goggle gog·gle  
v. gog·gled, gog·gling, gog·gles

v.intr.
1. To stare with wide and bulging eyes.

2. To roll or bulge. Used of the eyes.

v.tr.
To roll or bulge (the eyes).
 styling, a futuristic architecture that become popular in the post-World War II era.

"At the end of the day it turned out to be a beautiful project and a wonderful asset for that part of that town," said Hamid Behdad, former Director of Adaptive Reuse Projects for the City of Los Angeles
For the city, see Los Angeles, California.
The City of Los Angeles was a streamlined passenger train jointly operated by the Chicago and North Western Railway and the Union Pacific Railroad.
. "I could see how thrilled the neighborhood was."

The development also features a preserved neon sign from Majestic Pontiac, a car dealership that was once at the site. This neon sign served as the basis for the shopping center's architectural motif.

Local activists and developers say that Shofet should be commended for sticking with the project when he faced opposition. Several community members said that Shofet did an excellent job of balancing preservationist pres·er·va·tion·ist  
n.
One who advocates preservation, especially of natural areas, historical sites, or endangered species.



pres
 aims while providing the community with a much-needed retail development.

LEADER

Abe Shofet

Born: Iran, 1949

Position: Co-owner and chief executive of Axiom Real EState Investments Inc.

Accomplishments: Axiom has developed over 30 retail, residential and office projects in Los Angeles County since the mid-1980s, including the recently opened Coliseum Center in South Los Angeles

Quote: "We are looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 another adaptive reuse opportunity--it is a matter of finding a proper project. I will definitely go for another again."
COPYRIGHT 2007 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:REAL ESTATE AWARDS ADAPTIVE REUSE BUILDING ON THE PAST; Abe Shofet, Axiom Real Estate Investments Inc.
Comment:Giving Crenshaw a new look.(REAL ESTATE AWARDS ADAPTIVE REUSE BUILDING ON THE PAST)(Abe Shofet, Axiom Real Estate Investments Inc.)
Author:Miller, Daniel
Publication:Los Angeles Business Journal
Geographic Code:1U9CA
Date:Feb 12, 2007
Words:602
Previous Article:'The buildings are unique--we wanted to make the tax savings unique'.(REAL ESTATE AWARDS ADAPTIVE REUSE BUILDING ON THE PAST)
Next Article:The Czar of the Adaptive show.(REAL ESTATE AWARDS ADAPTIVE REUSE BUILDING ON THE PAST)
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