Preview: A Mall Overhaul

The numbers sum it up: 1,400 apartments, 572 hotel rooms and a 15,000-seat stadium at a cost of $1.5 billion. That’s the scale of Unibail-Rodamco-Westfield’s redevelopment of the nearly vacant Promenade mall in Westlake Village. Last week, Larry Green, senior vice president of development at the company, presented an updated plan for what he dubbed the Promenade 2035 project. The blueprint aligns with the Warner Center 2035 Specific Plan, which City Councilman Bob Blumenfield conceived in 2013 to turn Warner Center into the “downtown of the San Fernando Valley.” Green made the presentation before a panel of city of Los Angeles officials and roughly 250 locals at the Hilton Woodland Hills. Read the full story in the May 13 issue of the San Fernando Valley Business Journal.