Developer Buys 18-Acre Site for New Homes in Inglewood

Thursday, May 18, 2017 Written by 
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Harridge Development Group intends to build 228 townhomes on an 18-acre site a mile from the Los Angeles Rams’ planned stadium.

 

Harridge Development Group plans to build 228 townhomes on the 18-acre site which formerly housed Daniel Freeman Hospital, at 333 S. Prairie Ave.  The Miracle Mile-based company purchased the property for $38 million from Shopoff Realty Investments of Irvine, which bought the site in 2013.  Shopoff originally entitled the property for 310 units.  

 

Harridge is on the fast track to build the new homes, located just a mile from the planned NFL stadium, under construction in Inglewood, by the time the stadium opens in 2019.

 

David Schwartzman, Harridge’s chief executive, said the company plans to begin demolition in the next few weeks on the pricey homes that will sell from the mid-$800,000s to low $900,000s.  The deal was announced last week by broker, The Hoffman Company, which said the new tract of homes will be called Grace Park.  

 

Hoffman also said the new homes would appeal to “Los Angeles County’s highly educated tech workers,” as “Google, Facebook, Snapchat and Uber are among the many tech-oriented companies nearby.”

 

“It could be the next Playa Vista, with everything going on there. We like to be in front of the trend,” Schwartzman said.

 

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