Feb 1, 2009 12:00 PM
Location: Los Angeles
Developer: Next Century Associates, LLC
Size: 1.4 million sq. ft.
Cost: $2 billion
Buzz: This mixed-use development will feature 106,000 sq. ft. of high-end retail, 100,000 sq. ft. of office space, a five-star hotel, 130 condominiums and parking for 2,080 cars. When completed, the property will apply for LEED Silver certification.
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Podcast In the face of the biggest financial crisis and deepest recession since the Great Depression, retail landlords are increasingly falling behind on mortgage payments or defaulting entirely. Owners are facing great difficulties refinancing debt. One major source of financing—commercial mortgage-backed securities—is no longer available. And the lenders that are still in the market have dramatically tightened underwriting standards.
Here's where we will have a new, frequent conversation with our readers alerting you to the interesting (and sometimes oddball) things we see every day as we scan the horizon of the retail real estate business
Retail Architecture Review 2009: Welcome to the third edition of Retail Traffic’s Retail Architecture Review. This supplement includes our 20th Superior Achievement in Design and Imaging Awards and our annual Leaders in Retail Architecture supplement.
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