Los Angeles — The Los Angeles Planning Commission unanimously approved the 676 to 700 Ponte Vista development plan.
Developer, iStar Financial Inc., scaled down the number of homes they plan to build on the 61.5-acre former Navy parcel at 26900 S. Western Ave., in San Pedro. The latest proposal includes a 2.42-acre park with walking trails, a playground and a dog park.
The development has been a point of contention for the community since developer Bob Bisno proposed 2,300 homes in 2005. Since is iStar Financial took the reigns of the project in 2010, plans were downsized to 830 homes. Now, iStar has reduced the number of homes to 676 with a cap of 700.
The developer would be obliged to annually monitor traffic mitigation effort and report to the Department of Transportation. The project must now be approved by the Los Angeles City Council.
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