Integrated Capital Management is nearing ground breaking on a long-awaited outdoor mixed-use development in Malibu. Cross Creek Ranch has been decades in the making, and is the largest development approved in Malibu since 1991. While the pandemic has called many new developments into question, Integrated is only more bullish on the project and the market fundamentals.

"I have no concerns whatsoever; in fact, quite the opposite," John Carrick, co-founder and managing principal of Integrated Capital Management, tells GlobeSt.com. "If we were delivering Cross Creek Ranch Malibu into the current environment, I might feel differently, but tenants will likely be taking occupancy during summer 2023 by the time construction and tenant improvements are completed. By then, we expect the world to be in a very different place."

The project includes 70,000 square feet of retail, including 10,000 square feet of interior dining space, and 42,000 square feet of class-A office space. "Office and retail tenants alike have used the last year to reconsider the programming of their physical space and strategic locations," adds Carrick. "Cross Creek Ranch offers a unique environment where tenants can improve their local customer-level interface while simultaneously reinforcing their brand on a global basis."