Search
 

$160M Retail, Entertainment Project Opens

LOS ANGELES-The Grove, a 575,000-sf outdoor retail and entertainment center, opens for business this week just east of the original Farmer's Market at Third St. and Fairfax. Caruso Affiliated Holdings is the owner and developer of the project.

By Peter Landau | Updated on March 13, 2002

LOS ANGELES-A 575,000-sf outdoor retail and entertainment center opesn this Friday at Third St. and Fairfax, east of the original Farmer’s Market. The Grove, as it is called, is owned and was developed by Caruso Affiliated Holdings.

The center is projected to bring in roughly $300 million a year in total revenue, that according to Rick Caruso, CEO of Caruso Affiliated Holdings, the owner and developer of the project. Caruso led a press tour of the facilities Tues. as construction and cleanup crews put on the finishing touches to the public marketplace and retailers hastily stocked their flagship outlets.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.