New owner sees retail stores Buoying Marina: Decron ditches residential/hotel plans at Redondo...

THE leasehold to the Redondo Beach Marina has been sold for $9.87 million to Decron Properties Corp.

The Los Angeles-based developer purchased the leasehold to the 7.5-acre waterfront property--with its 58 boat slips and several restaurants--from developer Alan Mackenzie, who had tried to redevelop it for several years.

David Nagel, president of Decron, said while previous concepts for redeveloping the marina have included building a hotel or residential complex, his company is going to focus on retail development.

"We are going for a California lifestyle center that is going to be themed on attracting retailers and restaurant operators who can take advantage of the waterfront and the uniqueness of the harbor district in Redondo Beach," Nagel said.

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The marina already includes restaurants Delzano's by the Sea, Ruby's Diner and Captain Kidd's Fish Market, among others.

Nagel said that he hoped to break ground on the retail project in the next two years, but the first step would be opening up a dialogue with the community. The retail project could be in the 100,000-square-foot range.

"The problem historically has been that there are so many different agendas from various different stakeholders as to what should be built at this property," he said.

Nagel said he also is interested in seeing the rehabilitation of the Seaside Lagoon, a deep saltwater swimming lagoon that is operated by the city and is adjacent to the marina.

The deal closed March 21. There are 35 years left on the leasehold with the city of Redondo Beach.

Staff reporter Daniel Miller can be reached at dmiller@labusinessjournal.com or (323) 549-5225, ext. 263.