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Yay! The Runway project is coming to Playa Vista. Whole Foods will anchor the large mixed-use center. Looks like it will be an upscale center offering shopping, dining and entertainment. This will be a great addition to our beach community!
Runway retail/housing complex breaks ground at Playa Vista
Posted
April 18, 2013 by
The Argonaut in
News
A popular grocery chain will be one of the anchor tenants of the Runway,
a large-scale mixed-use center that will offer shopping, dining,
entertainment and living space in the heart of the Playa Vista
community, representatives of Lincoln Property Company announced
recently.
The development team, led by Lincoln Property, Phoenix Property Company
and Paragon Commercial Group, has begun construction on the
long-anticipated lifestyle center that will soon connect the Phase I
residential community and the Campus at Playa Vista.
Whole Foods will move into a 35,755-square foot space adjacent to
McConnell Avenue on the retail center’s ground level when the shopping
center opens in less than 18 months.
The developers recently broke ground on the project that will include
221,000 square feet of retail, 420 apartments and 35,000 square feet of
office space spread across three separate buildings. Construction is
expected to last less than two years, with tenants slated to open their
doors in time for the holiday shopping season in 2014, according to the
developer.
"This project has been a long time coming, so we are excited to be
moving to the next stage in the development process and to be that much
closer to injecting more energy into this already vibrant community,”
said Executive Vice President of Lincoln Property Company David
Binswanger. “We want Runway to be at the forefront of everything new in
the worlds of fashion, art, design and technology and to be a real
center of the community where people come to shop, eat and to just
relax.”
In addition to Whole Foods, CVS Pharmacy, Veggie Grill and a national
bank branch are planned to open at Runway. Down the street on Jefferson
Boulevard, the Cinemark multiplex at Runway will feature nine screens in
over 46,000 square feet and the company’s NextGen design concept with
RealD 3D capability, self-serve concession stands and an open plaza with
a cocktail lounge.
“We are pleased to see such early interest from a great group of top
national retailers. The fact that we are signing best-in-class tenants
in every category we are pursuing is a testament to our vision for
Runway,” said Mark Harrigian, principal of Paragon Commercial Group.
“When complete, Runway will be brimming with chef-driven restaurants and
a unique mix of retailers offering anything from upscale couture to
California lifestyle and beach-chic fashions.”
In addition to the Runway project, The Village at Playa Vista will
contain a total of 2,600 residential units, 200 units of senior/assisted
living, 50,000 square feet of office space, 40,000 square feet of
community serving space, 11.5 acres of parks, and another 12 acres of
open space. All of the 221,000 square feet of retail space in The
Village will be contained within Runway.
The Village is the second phase of Playa Vista’s development plan.
It is a fantastic post – immense clear and easy to understand. I am also holding out for the sharks too that made me laugh. building ocean three
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