**Avison Young Lists Beverly Grove Redevelopment Opportunity**
Avison Young has been retained to sell The Block on Beverly, a full city block in Los Angeles’ Beverly Grove neighborhood. Located on a 0.65-acre parcel at 8230 to 8256 Beverly Boulevard, the site is positioned between The Beverly Center and The Grove, making it a prime location for redevelopment. The asset is currently unpriced, with the seller seeking the best offer.
The property has been owned by a private family office for more than four decades. Avison Young’s team representing the seller includes U.S. Capital Markets leader Peter Sherman, Managing Director Chris Bonbright, and Principal Eric Moore.
“A redevelopment opportunity in the heart of Los Angeles’ most dynamic retail and restaurant corridor is extremely rare,” said Bonbright. “The site’s zoning and transit-oriented development designation will provide the new ownership with the ability to pursue a transformational project. This could include a luxury mixed-use asset, a flagship retail destination, a senior living project, medical offices, or an architectural landmark.”
