Construction underway for $260 million mixed-use project in Los Angeles
Construction work has begun on the Runway, a large-scale $260 millio mixed-use centre, which is designed to offer unique shopping, dining, entertainment and living space in the heart of the Playa Vista community in Los Angeles.
Connecting the Phase I residential community and the Campus at Playa Vista, the Runway project will include 221,000 square feet of retail, 420 apartments and 35,000 square feet of office space spread across three separate buildings. It is being built on the former Howard Hughes aerospace property.
Upon completion, the Runway will accommodate several of the US’ top brands like Whole Foods, Cinemark multiplex, CVS Pharmacy, Veggie Grill, and a national bank branch, occupying approximately 100,000 square feet of space.
Whole Foods will move into a 35,755 square-foot space adjacent to McConnell Avenue, on the retail centre’s ground level. The grocery store is said to be a first-of-its-kind in Playa Vista, with well-stocked aisles of organic produce, grass-fed beef, a natural juice bar, and a wide assortment of supplements for healthy eating.
Down the street, the Cinemark multiplex at Runway will feature nine screens spread 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.
To create a vibrant, yet relaxing atmosphere, the retail complex, designed by Johnson Fain, will feature wide sidewalks for outdoor dining, soothing water features, communal seating areas, firepits and a direct connection to Playa Vista’s Linear Park. In addition, a lantern-shaped tower with a steel mesh exterior and dramatic lighting will house a central lanai lounge that anchors the centre and serves as Runway’s central meeting place.
Runway will also feature office space and a variety of residences that sit above the first-floor retail. The apartment homes at Runway will range from studios to two-level, two-bedroom units with large windows, balconies and articulating walls. The residential scheme will also feature 8,000 square feet club house, roof-top terraces and dedicated parking.
Adding to that, 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, and 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 development is led by Lincoln Property Company, Phoenix Property Company and Paragon Commercial Group. The project is expected to complete in 2014.
