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Renderings courtesy of KTYG.
The eight-acre parcel of land atop the hill dubbed Heritage Square that Signal Hill Petroleum (SHP) is seeking to redevelop—a part of which is now home to the newly opened Mother’s Market—has formally inched closer to development after Signal Hill’s City Council approved the development’s initial plans.
Situated on the west side of Cherry Avenue between Burnett and Crescent Heights Streets, SHP’s initial proposal included land they didn’t own yet, moving the organization into exclusive talks with the City of Signal Hill over the past year.
The development—which Debra Montalvo Russell, SHP’s Vice President for Community Relations and Real Estate Development said will become a downtown and center for what many people just think is a neighborhood of Long Beach—will offer more than 60,000 sq. ft of retail space along with 200 proposed residential units.
From a thematic angle, it is clear that SHP is playing with its own history, harkening to oil derricks and hints of the Wild West myth that prompted the mass movement of Europeans across a space that was already home to indigenous peoples.
Kevin Laney, Vice President of Business Development for SHP, told the Long Beach Business Journal (LBBJ) last year that there are several oil wells on the site that need to be abandoned or re-abandoned.
“They are kind of scattered throughout,” Laney told the LBBJ. And there will probably be a couple of producing wells that are retained that stay within the project, which is something that we’ve done all over town.”