365 new homes are coming to the South Bay Galleria

Published July 18, 2026

The Planning Commission approved 350 apartments and 15 townhomes on the Galleria's west side in August 2025, the biggest housing add North Redondo has seen in years.

The short version. In August 2025 the Redondo Beach Planning Commission approved 350 apartments and 15 townhomes on the west side of the South Bay Galleria in North Redondo, the 90278 side of town. Along the Pacific Coast Highway corridor a 49 unit project called Nivasa cleared on appeal in February 2026, and a 43 unit building cleared the year before. If you own rentals here, the near term story is more housing being built around you and a city that still bans short term rentals outright. Here is the plain read.

Redondo has spent years arguing with itself about what it wants to be. 2026 is the year a few of those arguments finally turn into permits, and I want to hand you the version a manager sees rather than the version a headline sees.

What 365 homes actually do to a mall corner

For most of its life the South Bay Galleria was a mall wrapped in a sea of parking. That is ending. The Planning Commission signed off on 350 apartments and 15 townhomes for the west side of the site, as Urbanize reported, with the approval logged on the city's current projects page back in August 2025. Call it 365 new homes on a single parcel in 90278.

Plenty of owners hear a number like that and flinch, as if new supply automatically drags their rents down. Down here it usually runs the other way, at least for a while. A dead mall corner turning into a walkable residential block pulls retail, restaurants, and foot traffic back to an address that had gone quiet, and the households paying brand new rents in brand new units quietly reset what the whole submarket looks like it should cost. Your building, already standing, already leased, rides inside that reset without you doing a thing.

The one piece worth planning around is the construction window. A project this size does not appear overnight, and the years while it goes up are years of trucks, noise, and closed lanes for anybody close. If you own within a few blocks of the Galleria, that is a conversation to have with a good tenant at renewal, not a reason to lie awake.

The Galleria is loud, but it is not alone

The mall gets the attention. It is not the only thing moving through City Hall. On the Pacific Coast Highway corridor, a 49 unit project called Nivasa at 401 South PCH, with ground floor retail, won approval on appeal in February 2026. A 43 unit building at 122 North PCH cleared the year before that.

Smaller, sure. Together they tell you where the city is pointing. Redondo is threading its new housing along the commercial spines instead of into its single family blocks, which is exactly the pattern a rental owner should be tracking. New units with shops on the ground floor lift the floor on what a nearby stretch of PCH feels like it is worth, and that kind of investment tends to show up in your comps before it shows up anywhere else. If you sit on or near that corridor, someone else is paying to make your neighborhood nicer.

Do not put a number on the waterfront yet

You have probably seen something about the old AES power plant site and the on again, off again waterfront plan branded One Redondo. Here is the honest status. One of the six lawsuits tied to the project settled on March 30, 2026, when the developer dropped a suit and it was dismissed with prejudice, per Easy Reader News. Five cases are still pending.

I flag it because it is so easy to overread. One settlement out of six is a crack in a logjam, not a groundbreaking. Nothing on that waterfront is built, funded, or scheduled on the strength of it. If you own near the harbor, keep an eye on it, but do not let anyone sell you a number today on the promise of a project that lives mostly in front of judges.

The rule that already works in your favor

Here is the part that costs you nothing. Redondo Beach bans short term rentals outright. That standing ordinance keeps stock in the long term pool instead of bleeding it into nightly listings, which is quietly good news for anyone renting the conventional way here. Your competition for a strong long term tenant is not a rotating cast of vacation ads. And if the nightly route ever tempted you, the city already shut that door, so build the plan around a real lease.

So where does that leave you

If you own near the Galleria or along PCH, you are standing inside an upgrade other people are financing, so this is a bad moment to lock a long below market renewal right before the block around you gets nicer. Know your comps and revisit them. Right by the Galleria specifically, price the construction years into how you talk to tenants, because a modest concession to a good tenant who is about to live next to a job site beats an empty unit through the worst of it. And treat the waterfront as weather, not as a plan: watch it, do not price it.

None of this needs you to move fast. It needs you to move on purpose.

This is general information, not legal or tax advice. Confirm with a licensed professional before you act.

Topics: market, redondo-beach, south-bay, development, rent

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