Fox Hills Plaza Redevelopment Planned After $49M Sale: Report

CULVER CITY, CA — A seven-acre plaza in Fox Hills is set for redevelopment after it was recently sold to a pair of investors for $49 million, the Los Angeles Business Journal Reported.

The site, located at 6201-6229 Bristol Parkway, is home to Fox Hills Plaza. It was purchased by REDA Residential, the residential development subsidiary of Real Estate Development Associates LLC, along with an undisclosed private family office, the Journal reported.

The redevelopment could include hundreds of residential units, the Journal reported.

“We are thrilled to announce the acquisition of this exceptional redevelopment site in Culver City,” Nate Johnson, co-founder and managing principal of REDA Residential said. “This investment underscores our confidence in the vibrant local market and our dedication to creating transformative spaces that enrich the fabric of communities.”

Fox Hills Plaza was purchased by Bristol Parkway Propco in 2022 for $56 million as part of a plan to redevelop the land, which failed to come to fruition, the Journal reported.