{"id":1004192045,"date":"2017-09-29T02:32:19","date_gmt":"2017-09-29T10:32:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004192045"},"modified":"2022-12-08T20:05:22","modified_gmt":"2022-12-09T04:05:22","slug":"westfield-to-debut-1b-century-city-redevelopment-in-la","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/westfield-to-debut-1b-century-city-redevelopment-in-la\/","title":{"rendered":"Westfield to Debut $1B Century City Redevelopment in LA"},"content":{"rendered":"

By Barbra Murray<\/em><\/p>\n

\"Westfield<\/a>

Westfield Century City<\/p><\/div>\n

Westfield Century City is ready for its close-up. Wrapping up a $1 billion redevelopment program, Westfield Corp. will present the newly modernized, 1.3 million-square-foot Los Angeles shopping center to the public with a grand opening on October 3.<\/p>\n

\u201cCentury City will change the face of retail, leisure and entertainment for the west side of LA,\u201d<\/em> Westfield Corp. co-CEO Steven Lowy said during the company\u2019s earnings conference call on February 23, 2017.<\/p>\n

Westfield added 422,000 square feet of retail space to Century City. Nordstrom grabbed some of the extra square footage and will swing open the doors of its three-level, 149,000-square-foot store on the big day. Most of the mall\u2019s approximately 200 stores will be open for the ceremony, as will the Atrium, an 18,000-square-foot entertainment and events venue. The new outdoor plazas and landscaped terraces will also be available to visitors.<\/p>\n

It was an extensive undertaking. The Century City redevelopment also increased parking capacity by 50 percent. Additionally, Westfield has instituted a guest services and hospitality program for visitors. The open-air shopping center, located on Los Angeles\u2019 Westside, has gone totally Hollywood; it will also provide a studio services platform designed to unite retailers with the entertainment and music industry\u2019s fashion stylists and costume designers. And if Century City doesn\u2019t attract enough attention with its new retail, entertainment offerings and the like, it will likely turn heads with one particular amenity: Uber. Century City will be home to the first permanent Uber Lounge in the world and multiple new Uber stations.<\/p>\n

The grand opening comes two years after Westfield commenced Century City\u2019s redevelopment, which carried an original price tag closer to $800 million, and 15 years after the company moved from co-owner to full owner of the property with the acquisition of CalPERS\u2019s 50 percent stake.<\/p>\n

Development irons in the fire<\/strong><\/h2>\n

Century City is just days away from its big reveal, but Westfield\u2019s work is hardly done. The company is in the midst of revamping a handful of the 35 U.K. and U.S. shopping centers<\/a> in which it has interests. Westfield is investing $300 million at its new $1.5 billion Westfield World Trade Center in Manhattan; $300 million at Westfield UTC in San Diego; \u00a3300 million at Westfield London; and $550 million at Valley Fair in San Jose, Calif.<\/p>\n

\u201cThe world is evolving right now and we are going through a process of transforming and not just redeveloping these assets to create much better experiences and scale and the like that’s going on at Century City, Valley Fair, UTC, London, etcetera, but we’re also very, very focused on internally remerchandising the malls so they remain current and relevant,\u201d<\/em> Lowy said during the earnings call.<\/p>\n

Image courtesy of Westfield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

With its big-ticket beautification process coming to a close, the 1.3 million-square-foot shopping center will have a grand opening on Oct. 3, presenting visitors with an additional 422,000 square feet of retail space, new outdoor plazas and a host of unique offerings, including the world\u2019s first permanent Uber Lounge.<\/p>\n","protected":false},"author":969,"featured_media":1004192051,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,1594,21742,21749,15],"tags":[37709,37708,34586,37388],"class_list":["post-1004192045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-los-angeles","category-latest","category-retail","category-west","tag-calpers","tag-nordstrom","tag-uber","tag-westfield-corporation"],"acf":[],"yoast_head":"\nWestfield to Debut $1B Century City Redevelopment in LA - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/westfield-to-debut-1b-century-city-redevelopment-in-la\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Westfield to Debut $1B Century City Redevelopment in LA\" \/>\n<meta property=\"og:description\" content=\"With its big-ticket beautification process coming to a close, the 1.3 million-square-foot shopping center will have a grand opening on Oct. 3, presenting visitors with an additional 422,000 square feet of retail space, new outdoor plazas and a host of unique offerings, including the world\u2019s first permanent Uber Lounge.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/westfield-to-debut-1b-century-city-redevelopment-in-la\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-29T10:32:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:05:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Westfield-Century-City.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/westfield-to-debut-1b-century-city-redevelopment-in-la\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/westfield-to-debut-1b-century-city-redevelopment-in-la\/\",\"name\":\"Westfield to Debut $1B Century City Redevelopment in LA - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/westfield-to-debut-1b-century-city-redevelopment-in-la\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/westfield-to-debut-1b-century-city-redevelopment-in-la\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Westfield-Century-City.jpg\",\"datePublished\":\"2017-09-29T10:32:19+00:00\",\"dateModified\":\"2022-12-09T04:05:22+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/westfield-to-debut-1b-century-city-redevelopment-in-la\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/westfield-to-debut-1b-century-city-redevelopment-in-la\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/westfield-to-debut-1b-century-city-redevelopment-in-la\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Westfield-Century-City.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Westfield-Century-City.jpg\",\"width\":800,\"height\":620,\"caption\":\"Westfield Century City opened in 2017. 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