Preview: Retail Revisited

Westfield Group plans to spend $70 million by next year to upgrade the Westfield Topanga Mall in Woodland Hills. The facelift, in conjunction with the company’s $1.5 billion redevelopment of the nearly vacant Westfield Promenade next door, promises to significantly change the retail map of the Warner Center neighborhood. “This is something our customers have been asking for and we think they will love the results,” Topanga Mall General Manager Molly Unger said in a statement last month. The modernization of the indoor Topanga Mall comes as Westfield, subsidiary of Paris, France-based Unibail-Rodamco-Westfield SE, moves to redevelop Promenade to feature 244,000 square feet of retail space, 629,000 square feet of office space, 1,400 apartments and a 15,000-seat sports facility. Read the full story in the October 15 issue of the San Fernando Valley Business Journal.