Our Legacy Ventures

Every Decision We Make Today is to Economically Empower Our Families and Communities Tomorrow and Into the Next Generation!

The Shedrick

Photo of the initial Yield Study demonstrating FAR capacity. Design renderings to be generated after community engagement efforts.

About The Shedrick

The Shedrick, slated for development on 22,000 square feet including 4916, 4924 and 4928 S. Crenshaw Boulevard in the Park Mesa Heights Crenshaw District community, will consist of a campus like shared open air shared work / production incubator / arts cafe space, a multi-purpose activity and garden area, three direct serve restaurants and 4 commercial kitchens on the first floor, one floor of housing for transition age youth focused on the creative industries, two floors of market rate housing and a rooftop lounge area with a panoramic view. The development will also include two levels of subterranean parking for residents and commercial space.
engaging

Cultural Tourism

The Shedrick's arts and cutural retail will cater to artist and visitors to Leimert Park Village, a mecca of African Diaspora culture, and Destination Crenshaw, an art and culture celebration of African American history and experiences. The cafe and direct serve restaurants will open onto Crenshaw Boulevard to welcome patrons to the walk-up seating and to beautifully landscaped sidewalk seating.

The Development Team

The properties are being sold to Urban Design Center by Shedrick Jones, a legacy family property owner in the cities of Los Angeles and Santa Monica. Urban Design Center was founded by Sherri Franklin over 30 years ago, to help drive and empower economic development initiatives and wealth building entrepreneurial ventures. To date, Sherri has managed the land-use entitlement, capital development and project management for over $200 million in subsidized affordable housing, infrastructure improvement, economic development and enterprise expansion projects totaling over $1 billion in value. Urban Design Center will be joined by youth development agency Sanctuary of Hope to facilitate management of the 20% of units set-aside for emancipated youth who are seeking education, mentorship and training in the creative industries.
The project architect is FSY Architects, Inc., the general contractor is Curtom Building & Development and Daughrity Real Estate is representing Urban Design Center on the sale. Our approximately $40 million project is in the initial design development phase and plans to activate Opportunity Zone (OZ) and Transit Oriented Community (TOC) incentives as well as Recycled Bond, New Markets Tax Credit (NMTC) and conventional financing. We are proud to share that ownership in The Shedrick will include a community investment opportunity offered through an Obama Jobs Act Regulation CF platform as well as a private equity capital raise. Please note this is not a solicitation for investment. For more information, please contact Sherri Franklin, Urban Design Center, CEO at sherri@urbandesigncenter.com or 213-447-9264. "Onward & Upward"