Rendering courtesy of Lincoln Property Company

Rendering courtesy of Lincoln Property Company

A popular grocery chain will be one of the anchor tenants of the Runway, a large-scale mixed-use center that will offer shopping, dining, entertainment and living space in the heart of the Playa Vista community, representatives of Lincoln Property Company announced recently.
The development team, led by Lincoln Property, Phoenix Property Company and Paragon Commercial Group, has begun construction on the long-anticipated lifestyle center that will soon connect the Phase I residential community and the Campus at Playa Vista.
Whole Foods will move into a 35,755-square foot space adjacent to McConnell Avenue on the retail center’s ground level when the shopping center opens in less than 18 months.
The developers recently broke ground on the project that will include 221,000 square feet of retail, 420 apartments and 35,000 square feet of office space spread across three separate buildings. Construction is expected to last less than two years, with tenants slated to open their doors in time for the holiday shopping season in 2014, according to the developer.
“This project has been a long time coming, so we are excited to be moving to the next stage in the development process and to be that much closer to injecting more energy into this already vibrant community,” said Executive Vice President of Lincoln Property Company David Binswanger. “We want Runway to be at the forefront of everything new in the worlds of fashion, art, design and technology and to be a real center of the community where people come to shop, eat and to just relax.”
In addition to Whole Foods, CVS Pharmacy, Veggie Grill and a national bank branch are planned to open at Runway. Down the street on Jefferson Boulevard, the Cinemark multiplex at Runway will feature nine screens in over 46,000 square feet and the company’s NextGen design concept with RealD 3D capability, self-serve concession stands and an open plaza with a cocktail lounge.
“We are pleased to see such early interest from a great group of top national retailers. The fact that we are signing best-in-class tenants in every category we are pursuing is a testament to our vision for Runway,” said Mark Harrigian, principal of Paragon Commercial Group. “When complete, Runway will be brimming with chef-driven restaurants and a unique mix of retailers offering anything from upscale couture to California lifestyle and beach-chic fashions.”
In addition to the Runway project, The Village at Playa Vista will contain a total of 2,600 residential units, 200 units of senior/assisted living, 50,000 square feet of office space, 40,000 square feet of community serving space, 11.5 acres of parks, and another 12 acres of open space. All of the 221,000 square feet of retail space in The Village will be contained within Runway.
The Village is the second phase of Playa Vista’s development plan.

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