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HARBOR CITY, CALIF. — Watt Commercial Properties has broken ground on a $14 million redevelopment effort at the 107,682-square-foot Palo Woods shopping center in Harbor City. Redevelopment plans include converting the existing Kmart building into two separate retail spaces and creating two new 3,000-square-foot retail pads to front Sepulveda Boulevard. Ross Dress for Less and L.A. Fitness have already secured the spaces in the old Kmart building, both under 10-year leases. Watt expects the entire 9-acre project to be complete in third quarter.