Primestor Development is converting its Panorama Mall in Los Angeles to a mixed-use project that will create 4.5M SF of commercial, residential and hotel space on the 17-acre property.
Culver City, CA-based Primestor is calling the redevelopment proposal, which it recently filed with Los Angeles City Planning, the Panorama City Center. The property is located on Van Nuys Blvd.
"Panorama City Center will introduce a dynamic mixed-use environment to a 17-acre site that today is significantly underutilized," Primestor said, in a statement. "The revitalization will deliver quality jobs, investment and economic empowerment to a community that has experienced under-investment over the last 50 years."
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© 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.
