Preview: Lots to Like in $1.5 Billion Promenade Project

With its Promenade 2035 project, developer Westfield Corp. continues to shape the future look and feel of the Warner Center area in Woodland Hills. The Century City company has filed plans with the Los Angeles Department of City Planning to turn its indoor Westfield Promenade shopping mall into a $1.5 billion mixed-use development. When completed, the project would have 1,432 residential units, 244,000 square feet of retail space, 629,000 square feet of office space, a 15,000-seat, 320,000-square-foot entertainment and sports center and two hotels with 572 guest rooms. Larry Green, senior vice president with Westfield, said construction on the first phase of the project wouldn’t begin for another four to five years. Read the full story in the Oct. 31 issue of the San Fernando Valley Business Journal.