In addition to the office buildings and more than 14,000 sf of restaurants, the development firm is also studying the feasibility of an alternative that would include a fitness center, an additional restaurant and service retail. Opus recently completed a concept review for the development before the Westlake Village City Council.
According to Stuart Morkun, Opus West director of real estate development, the restaurants are planned to include sit-down establishments in answer to feedback from community residents. Residents also asked for a greater mix of uses, so Opus West is now also evaluating the feasibility of a slightly expanded project that would be anchored by the fitness center, an additional restaurant and shops and cafes.
The expanded project would service the area included in the greater Westlake North Specific Plan, which comprises more than 700,000 sf of office development. The office portion of the Opus development would be suitable for corporate headquarters for financial, technology, healthcare, banking and insurance industry tenants, the developer says.
Morkun notes that the development site is the last major office parcel to be developed in Westlake Village. It will be designed to attract major corporations seeking modern institutional quality office space that is close to their employees. To maintain the character of the site, Opus West is incorporating existing oak trees into the design.
Opus Architecture & Engineers is the project designer; construction will be by Opus West Construction Corp. Opus West hopes to break ground on the development later this year, with completion planned for fall of 2008.
The leasing agent for the project is CB Richard Ellis. CBRE's Nicholas Gregg and Michael Slater are the office leasing team, with David Rush leasing retail space.
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