Rexford Industrial Realty is facing a legal challenge over its warehouse project in Torrance, with residents alleging the city failed to conduct a proper environmental analysis for the development.

A group of Torrance residents filed a lawsuit against the city earlier this month, alleging the city erred in its decision to exempt the project from review under the California Environmental Quality Act, according to the city of Torrance. daily breeze.

Rexford plans to build an 84,100-square-foot storehouse Office space at 21515 West Main Street to replace the Mitsuwa Marketplace store.

In March, the Torrens Planning Board unanimously approved the project, finding it met the city’s development criteria.

However, residents claim in their complaints that the city “failed to demonstrate that the proposed project would not have any significant impacts on buildings, air quality, noise and traffic, and therefore would not meet CEQA requirements.”

Residents are asking a judge to revoke approval for the project, the complaint said.

Rexford purchased the property for $19 million Completion is due in October 2021, originally scheduled for completion this year.

Rexford, a Los Angeles-based real estate investment trust, is one of Southern California’s most active acquirers and developers of industrial real estate. In 2022, the company spent $2.4 billion Land and warehouse purchases, most of which were made with cash or through the tax-advantaged 1031 exchange program.

— Isabella Farr

read more

Leave a Reply

Your email address will not be published. Required fields are marked *