Developers break ground on $150M Los Angeles mixed-use project
- Developers of a $150 million, upscale mixed-use project in the Los Angeles–area San Fernando Valley broke ground last week, according to Commercial Property Executive.
- The first phase of The Vineyards, totaling 345,000 square feet, will see the construction of a 215,000-square-foot open-air shopping center, which will be open by late 2018. Developers will build a 120-room hotel, a 266-unit apartment complex and a 50,000-square foot medical office building in the second phase, which should be complete by 2020.
- Developer Shapell Liberty Investment Properties said the project will also be sustainable, with solar panels, rainwater capture systems, irrigation recycling and electric car chargers.
Live-work-play developments are still springing up in major cities, but those who are in the surrounding communities are looking to bring that urban walkability to their neighborhoods as well.
In October, another Los Angeles–area developer, Westfield Corp., proposed replacing an existing downtown West San Fernando Valley shopping mall with a $1.5 billion mixed-use complex called Promenade 2035. Westfield said the project would offer up 1,500 residential units, office, retail, restaurants, a 1-acre park, two hotels and an event arena. The developer also said that most buildings would have some green, rooftop element like a garden.
Verizon is getting ready to break ground on its $1 billion, mixed-use project that will bring the urban lifestyle to the Dallas suburb of Irving, TX. The 2-million-square-foot, Gensler-designed development will be constructed across the street from the telecom giant's office and will include retail, apartments, hotel rooms, a Dallas Area Rapid Transit station and a 750,000-square-foot office building.
Developer Hines has its sights set on the Dallas suburb of Allen, TX, for a 135-acre, 3.5-million-square-foot mixed-use complex called The Strand. When complete, the project will include nearly 2 million square feet of office space, 380,000 square feet of retail and 300,000 square feet of residential units.
- Commercial Property Executive Ground Breaks on $150M Mixed-Use Project in Suburban LA
- PR Newswire Officials Celebrate Start of Construction for The Vineyards at Porter Ranch
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