DOWNTOWN TORRANCE DISTRICT
The Downtown Torrance District, located adjacent to the Industrial Area, encompasses 88.5 acres and contains the original commercial core of the City which was founded in 1912. This area is also experiencing its own renaissance with the development of the Historic Downtown Project. This $44 million retail/residential mixed-use project is a result of a joint private and public effort by the ANA Real Estate U.S.A., Inc./Gascon Mar Ltd. and the former City of Torrance Redevelopment Agency. It occupies two sites in the commercial sector of the Downtown Project Area and features 28,000 square feet of commercial retail floor space (Plaza del Prado), and three residential complexes (Brisas del Mar, Brisas del Prado, Brisas del Sol) containing 148 condominium units.
In addition, the former Redevelopment Agency allocated $200,000 from the Downtown Bond revenues in 1986 to establish the Commercial Rehabilitation Program to help property owners and businesses make needed improvements to the exterior of their buildings. Accordingly, owners receive payment for half the cost of exterior improvements up to $40,000 per property. Numerous buildings have been renovated under this program, including the El Prado Apartments and the Newberry Building, located at the intersection of El Prado and Sartori Avenues. Since the adoption of the project area, the total property valuation for the Downtown Project has increased from just over $7 million dollars in 1980 to $66 million dollars in 1992 and $167 million in 2010.
Some of the current businesses located in the Downtown Project Area include:
The Depot Restaurant, Foster's Old Fashioned Freeze, Keegan's Irish Pub, Eat at Rudy's, La Capilla Mexican Restaurant, Lucio's Mexican Restaurant, Old Torrance Coffee & Tea, Onami Seafood & Sushi Buffet, the Red Car Brewery & Restaurant, Tortilla Cantina, The Crest, Angara, Ichimi Ann Bamboo Garden, The Flame Broiler, Kagura, Restoration Kitchen and Wine, Café Roma, Chado Tea House, & Miyabi Uni.
Bank of America, Bartlett Senior Citizens Center, Boogiezone Utopia, Bubblebath Hand Car Wash, Chase Bank, Marcelina US Post Office Station, South Bay Ballet, South Bay Home Health Care, Torrance Community Credit Union , The Torrance Historical Society Museum, South Bay Cheer 360, Torrance Theatre Company and Wells Fargo Bank.
Downtown is also known for its many mom and pop shops, Beauty and Bridal Shops, along with medical, dental, law, marketing, insurance and real estate offices to serve the many residents that live in the Downtown Project Area.
Residential projects include Brisas del Prado, Brisas del Mar, Brisas del Sol, Coleman Court, and Cabrillo Family Apartments .