Unibail-Rodamco-Westfield has announced revised plans for the Promenade 2035 development, a proposed mixed-use complex which would replace the struggling Warner Promenade shopping mall in Woodland Hills.
The project, which would span a roughly 34-acre site at 6100 N. Topanga Canyon Boulevard, is slated for the construction of multiple high-rise and low-rise buildings containing 1,432 residential units, approximately 244,000 square feet of retail space, approximately 629,000 square feet of office space, and a 572-room hotel. Plans also call for numerous landscaped plazas and internal streets throughout the property.
The developer recently submitted revised plans to the City of Los Angeles which will set aside approximately 15 percent of the more than 1,000 housing units in the initial phase for lower-income households - amounting to over 150 apartments.
The affordable housing at the Promenade 2035 project would include apartments reserved for very low-income households - those making 50 percent or less than the area median income - and workforce households - which encompass teachers and firefighters. The remaining apartments would be set aside as part of a stakeholder incentive program targeting local workers.
“I have worked closely with URW to ensure that this project, with its vast opportunity, adds critical low income and workforce housing, good-paying jobs as well as numerous community benefits. With this revised plan, we are taking a great step forward,” said Councilmember Bob Blumenfield in a statement. “People who work in Warner Center should be able to afford to live there and this is a step in the right direction. I look forward to continuing to work together as the project is finalized.”
Blumenfield has recently pushed to add an inclusionary housing requirement to the Warner Center 2035 specific plan, which would make affordable set-asides mandatory in all developments within the surrounding area.
Unibail-Rodamco-Westfield has also altered its plans for a new entertainment and sports center at the intersection of Oxnard Street and Topanga Canyon. The total size of the facility s to be reduced by more than 40 percent from 320,000 square feet to 181,550 square feet, and its height would be trimmed from 155 feet above grade to 85 feet above grade. Plans also call for a roughly 30 percent reduction to the number of seats from 15,000 in the original project to approximately 10,000.
The affordable set aside and smaller entertainment center will allow the project to meet Los Angeles Municipal Code requirements for on-site parking, although additional garage space exists in other nearby properties such as the Village and Topanga shopping malls.
Per a past environmental study conducted for the Promenade 2035 development, construction is expected to occur in four phases between 2021 and 2033. Plans call for a mix of high-rise and low-rise structures, with buildings as tall as 28 stories in height.
The project joins several multi-acre, mixed-use developments planned for the Warner Center area - including a similar $1-billion project from Adler Realty Investments.
Unibail-Rodamco-Westfield recently announced plans for a $250-million upgrade to another Warner Center property - the Westfield Topanga mall. The property is slated to add a new food hall and an AMC movie theater, which is relocating from the Warner Promenade property slated for redevelopment.
The $350-million Village shopping mall - another Unibail-Rodamco-Westfield property which sits between the two shopping complexes - was completed in 2015.
- Westfield Promenade (Urbanize LA)