The 47-acre former Rocketdyne property is on the market again, as Triple Five Group, owner of the Mall of America, has pulled out of their $150 million purchase. The property is owned by Raytheon Technologies, the successor to Rocketdyne, which built rocket engines to send to the Moon on the site for over 50 years. The property is one of the largest available for redevelopment in Los Angeles, and approved for an urban retail village of up to six million square feet. At one point it was pitched as an Amazon headquarters site. However, the groundwater under the surface is contaminated from the rocket engine production. No reason was given for Triple Five’s cancellation. The property is relisted with Realty Advisory Group.
