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Press Conference: Black Group Seeking to Buy Iconic Crenshaw Mall to Establish Community Control of Black Space Being Thwarted by Deutsche Bank Racism

Press Conference: Black Group Seeking to Buy Iconic Crenshaw Mall to Establish Community Control of Black Space Being Thwarted by Deutsche Bank Racism
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Black Community Thwarts Second Attempt by Connected Developer to Buy the Crenshaw Mall

Black Community Thwarts Second Attempt by Connected Developer to Buy the Crenshaw Mall
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SOUTH LOS ANGELES-For the second time in seventh months, the Black community has beaten back efforts to purchase the Baldwin Hills Crenshaw Plaza by developers connected to Donald Trump’s family members.
Downtown Crenshaw, an effort that combines community action and community development has defeated LivWrk-DFH Partners, which sought to buy the iconic Black commercial center of Los Angeles. Downtown Crenshaw pressured CIM Group to back out of their agreement to purchase the mall in June. Both LivWrk and CIM Group came under heavy scrutiny for their close connection to Donald Trump and his son-in-law Jared Kushner. ....

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Jared Kushner-backed developer no longer buying historic Crenshaw Mall

Dania Maxwell / Los Angeles Times via Getty Images
The Baldwin Hills Crenshaw Plaza locally known as the Crenshaw Mall is back on the market as of this week. Downtown Crenshaw announced that the agreement by LivWrk and DFH Partners to buy the mall had been terminated on December 11, putting the future of the sprawling plaza back into question.
The South LA mall’s purchase has been in a rocky state for a while now, in part due to the development company behind the bid and its connection with President Donald Trump’s son-in-law, Jared Kushner. Previously, amidst a wave of activism, a community coalition had attempted to purchase the property and keep it in local control, but that multi-million-dollar big was rejected. Then in April, Deutsche Bank accepted a $100 million bid for the property from massive developer CIM Group, but ultimately that bid too was scuttled when CIM was criticized for partnering with Kushner as well, reported L.A. Taco. ....

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