9 March 2015

LOS ANGELES  — The Westfield Corporation’s continuing investment in the future of Los Angeles’ Warner Center business district and the heavily populated San Fernando Valley will take center stage with the September 2015 opening of the brand new, open-air Village at Westfield Topanga. This new central gathering place for shopping, dining, events, entertainment and leisure will provide local residents and visitors a destination experience unlike any other in the San Fernando Valley.

Directly across the street from the power shopping mecca at Westfield Topanga (with shuttle service connecting the Westfield properties and the adjacent Orange Line transit station), The Village will showcase trendy local fashion and lifestyle brands, sensational restaurants offering al fresco patio dining, a full-service gym, spa and yoga studio, along with weekly farmer’s market and more, all under a canopy of native trees and vegetation.

Serene pedestrian pathways and unique water features will lead to fun children’s play areas, bocce ball courts, and relaxing outdoor lounges. Lightscaped event spaces will play host to events and entertainment day and night, while exhibits by local artists and year-round music performances become a magnet of local activity.

The Village is to be anchored by a brand-new Costco carefully designed with refined architecture appropriate to this new outdoor locale. The Village property, already home to a thriving flagship Crate & Barrel, will also be joined by REI, as well as a vibrant collection of homeware brands including Sur La Table, Jonathan Adler, Z-Gallerie, and Bassett Furniture.

Trendy fashion and lifestyle retailers coming to the property include Varga, Athleta, M. Fredric, JD Luxe, and Asics, with additional popular brands soon to be announced.
Alongside the Village’s elegant Burke-Williams Day Spa, new beauty concepts coming to the property include JuanJuan Salon, Rain Living, and Adore Organic Innovation, along with others soon to be announced.

Fifteen outstanding new restaurants to be available at the Village will include Il Fornaio, Joey Topanga, Tender Greens, XOC Tequila Grill, Larsen’s Steakhouse, Sushi Katsuya, Le Pain Quotidien, Jimmy’s Famous American Tavern, Veggie Grill, Cava Mezze Grill, Eureka!, Panera Bread, Lucille’s BBQ, Pieology Pizza, and Wokcano.

One of L.A.’s top “happy hour” lounges, EMC Seafood & Raw Bar, will also join The Village, as will gourmet cafés Peet’s Coffee, Barista Society, and Coffee Bean & Tea Leaf, plus dessert treats provided by Grom Gelato, Susie Cakes, Go Greek Yogurt, ‘Lette Macarons, Yogurtland, and ConfeXion Cupcakes— with more brands soon to be announced.

Consistent with the Village’s appeal as an outdoor, “walkable” space that celebrates good health, the property will feature a 24-Hour Fitness, Yoga Works, and UCLA Health & Wellness Center. In addition, Wells Fargo and Charles Schwab will provide a full suite of financial services.

In addition, Westfield has partnered with radio station 88.5 KCSN, local muralist Elkpen and UCLA’s School of the Arts and Architecture to curate and create significant art and music events at The Village.

Meanwhile, Westfield’s vision of creatively transforming retail spaces also extends to the two properties adjoining the Village locale— Westfield Topanga and the Promenade— where the company has announced its acquisition of former Macy’s and Sears department store spaces.

Westfield will refashion the former Sears space at Topanga into a vibrant entertainment district integrating an upscale cinema experience and chic new restaurants. These additions will complement Topanga’s existing retail lineup which features Neiman Marcus, Nordstrom, Macy’s, Target, Tesla, Apple, Microsoft, Anthropologie, as well as a stunning luxury collection including Tiffany & Co., Gucci, Salvatore Ferragamo, Louis Vuitton, Cartier, Burberry, Jimmy Choo, and David Yurman.

Similarly, the acquisition of the former Macy’s stores at the adjacent Promenade underscores Westfield’s long-term belief in the strength of LA’s Warner Center, while providing the company a unique opportunity to consider a range of prospects and alternatives over time. Macy’s will fully consolidate operations and concentrate product lines at its highly successful department store already at Westfield Topanga.

“Our additional investment in the former Macy’s and Sears spaces offers significant opportunity for future growth and makes perfect sense in the context of the City of Los Angeles passing the Warner Center 2035 plan that envisions the area in and around Westfield’s properties as an important regional hub for the entire San Fernando Valley,” said Greg Miles, Westfield U.S. Chief Operating Officer.

Upon project stabilization, the economic output generated by the combined 350+ shops at Westfield’s Topanga, Promenade, and Village properties will be enormous, with annual retail sales projected to reach between $1.2 and 1.4 billion— thus becoming one of the most significant retail destinations in the United States.