Last November, city leaders approved a $1.2 billion redevelopment project at 1933 S. Broadway, just a few blocks south of the 10 Freeway. The developers aimed to break ground this year on the transformation of The Reef/L.A. Mart, turning a small hub of creative-industry and fabrication tenants into a massive cluster with more than 1,400 apartments and condominiums, a hotel, and more than 120,000 square feet of retail/commercial space.