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SWANK BAZAAR : CHATSWORTH'S MARKETPLACE SET TO OPEN.


Byline: Deborah Adamson Daily News Staff Writer

An upscale swap meet swap meet
n.
An informal gathering for the barter or sale of used articles or handicrafts.
 called The Marketplace will open later this month at the site of the earthquake-damaged Chatsworth Indoor Bazaar.

The Marketplace, at the southwest corner of De Soto de So·to   , Hernando or Fernando 1496?-1542.

Spanish explorer who landed in Florida in 1539 with 600 men and set out to search for the fabled riches of the north.
 Avenue and Nordhoff Street, will feature more than 200 tenants selling anything from espresso to software when it opens on June 28. An additional 100 tenants will be added by late summer. Also, there will be a farmers market and outdoor patio dining at the food court.

``We're taking a very old concept and changing it,'' said Tim McCabe, general manager of The Marketplace.

Dick Pearson, president of the Chatsworth Chamber of Commerce, said he is grateful to see Marketplace LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 revitalize re·vi·tal·ize  
tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es
To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy.
 a facility that had been deteriorating.

``Vacant property is a magnet for vandalism and for crime,'' he said.

``Every time new businesses open in the community, they bring in more economic power to the area,'' Pearson added.

The Bazaar had been operating for only a few months when the 1994 Northridge Earthquake The Northridge earthquake occurred on January 17, 1994 at 4:31 AM Pacific Standard Time in the city of Los Angeles, California. The earthquake had a "strong" moment magnitude of 6.  caused the roof of the 65,000-square-foot building to collapse.

The new lessee One who rents real property or Personal Property from another.

A lessee of land is a tenant. Cross-references

Landlord and Tenant.


lessee n. the person renting property under a written lease from the owner (lessor).
 of the building, Marketplace LLC, spent $1 million retrofitting and repairing the building since taking it over in the summer.

Jerry Stern, a co-owner of Marketplace LLC, said his group signed a 25-year lease to transform the facility into a thriving shopping area.

The project's closest competitor is the Valley Indoor Swap Meet in Woodland Hills. But Stern said the Marketplace will be unique in design and merchandise.

CAPTION(S):

Photo

Photo: (Color) Co-owner Jerry Stern, left, and manager TimMcCabe will open The Marketplace this month.

John McCoy/Daily News
COPYRIGHT 1996 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:BUSINESS
Publication:Daily News (Los Angeles, CA)
Geographic Code:4EUUK
Date:Jun 4, 1996
Words:274
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