LOS ANGELES-Ground was officially broken this week on a $260-million mixed-use project that will transform one of the last huge undeveloped land parcels in Los Angeles.
The project, called “Runway,” is being developed by Lincoln Property Co., Phoenix Property Co. and Paragon Commercial Group. The team announced Whole Foods (taking a 35,755 square foot space), CVS Pharmacy, Veggie Grill and Cinemark as the first tenants, taking up about half of the 220,000 square footage allotted for retail. The Cinemark multiplex at Runway will feature nine screens in over 46,000 square feet and will have 3D capability, self-serve concession stands and an open plaza with a cocktail lounge.
David Binswanger, EVP of Lincoln Property Co., tells GlobeSt.com that a much higher number of tenants will take up the remaining retail square footage, citing “small soft good guys, restaurants, both casual and full sit-down. It'll be a nice mix of urban retailers.”
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 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.
