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Lowy Development Corp

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CALIFORNIA | LOCAL
September 29, 1987
Chinatown's proposed Grand Plaza retail center and elderly housing project will receive a $2.5-million federal urban development grant, U.S. Sen. Pete Wilson (R-Calif.) said Monday. The Grand Plaza project, to be built on the northwest corner of Sunset Boulevard and Grand Avenue, is to include 53,000 square feet of shopping space, a 240-bed retirement hotel and 238 apartments for senior citizens. In addition to the urban development grant, Wilson said, the project is being financed by a $3.
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CALIFORNIA | LOCAL
September 29, 1987
Chinatown's proposed Grand Plaza retail center and elderly housing project will receive a $2.5-million federal urban development grant, U.S. Sen. Pete Wilson (R-Calif.) said Monday. The Grand Plaza project, to be built on the northwest corner of Sunset Boulevard and Grand Avenue, is to include 53,000 square feet of shopping space, a 240-bed retirement hotel and 238 apartments for senior citizens. In addition to the urban development grant, Wilson said, the project is being financed by a $3.
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CALIFORNIA | LOCAL
February 17, 1985 | G.M. Bush
Construction has begun on the North Town Financial Plaza, part of the major redevelopment in the north side of town near Fashion Square. The 45,000-square-foot brick-and-glass office building is scheduled for completion in January. A spokesperson for the builder, Lowy Development Corp. of Los Angeles, said the site's long, narrow configuration presented an unusual challenge to designers. Located on the southwest corner of Main Street and Owens Drive, the site is deep, with minimal frontage.
REAL ESTATE
August 17, 1986
The Community Redevelopment Agency has entered into a 90-day exclusive right to negotiate for the development of a $23-million, 200-unit rental housing project on the south side of 9th Street between Grand Avenue and Olive Street in downtown's South Park area. The agreement is with the limited partnership of Lowy Development Corp., Coast Fed Properties and the Bedford Group. The developers' proposal was one of several submitted. It would require a $4.2-million loan from the agency.
REAL ESTATE
March 27, 1988
By late 1989 or early 1990, downtown Los Angeles will have its first major supermarket--a 36,000-square-foot Boys Market at Sunset Boulevard and Grand Avenue. Highland Park-based Boys Markets Inc., which has agreed to a buyout by a Mexican company, will lease the space for 20 years for a total consideration in excess of $5 million, according to Brad and Jeff Luster of Major Properties, Los Angeles. Major Properties represented both Boys Markets and Lowy Development Corp.
REAL ESTATE
March 9, 1986
Ground breaking has been held on a 27,000-square-foot site at 538 S. Manhattan Place for the Hancock Terrace Apartments, a 67-unit, one-bedroom complex earmarked for rental to small families and the elderly.
REAL ESTATE
November 2, 1986
Theodore E. Cox, president of Watt Pacific Development Co. of Santa Monica, will be installed Saturday as president of the Greater Los Angeles Area chapter, Building Industry Assn. of Southern California. The chapter's 48th annual installation dinner will be held then at the Sheraton Premiere Hotel in Universal City starting at 7 p.m. Other new officers are F.
REAL ESTATE
October 29, 1989
Developer Alan Lowy has created Pacific Prime Properties Inc. to replace troubled Lowy Development Corp. Within the last year, Lowy's company was forced to bow out of several construction projects and take two partnerships into bankruptcy. All the projects are now sold--with the exception of a deep hole at 4848 Wilshire Blvd. in the Park Mile area of Los Angeles that was set to become a 60,000-square-foot office building. Parkmile Associates Ltd.
REAL ESTATE
November 17, 1985
Allan N. Lowy has been elected president of the Los Angeles chapter of the Building Industry Assn. of Southern California for 1985-86 and will be installed with other officers and directors on Saturday at the chapter's annual installation dinner at Lakeside Country Club in Toluca Lake. Lowy is president of Lowy Development Corp, a diversified developer of residential and commercial projects in Los Angeles. Other officers serving the new term include Ted Cox, W&B Builders Inc.
REAL ESTATE
January 12, 1986
Allan N. Lowy, president of Los Angeles-based Lowy Development Corp., has been elected president of the Los Angeles chapter, Building Industry Assn., succeeding Frank Thompson of W&B Builders. Lowy has been active in the Building Industry Assn. since 1973. Before he formed his own company in 1983, he was senior vice president of Lesny Development Co. Before that, he was affiliated with Beverly Hills Savings & Loan.
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