Proposal for entertainment arena at Warner Center advances amid larger development

The 15K-seat stadium is part of Unibail-Rodamco-Westfield's $1.5B mixed-use project

TRD LOS ANGELES /
Apr.April 29, 2019 02:00 PM
Larry Green and Warner Center
Larry Green and Warner Center

The French commercial real estate firm that bought mall operator Westfield is advancing with its plan for a 15,000-seat arena at Warner Center, part of its $1.5 billion mixed-use redevelopment project.

Unibail-Rodamco-Westfield has reached the environmental review stage of the proposed arena, part of the massive redevelopment, the Los Angeles Daily News reported.

The final environmental impact report for the proposed 320,000-square-foot arena is still in the works, and company officials have not released all the details, according to the report. An executive for Unibail said it was discussing terms with potential tenants, including a professional soccer team, a minor league baseball, and concert venue operators.

In addition to the arena, the redevelopment project aims to replace a vacant mall at 6100 N. Topanga Canyon Boulevard in Warner Center with 1,430 residential units, 244,000 square feet for shops and restaurants, 629,000 square feet for office space, and 572 hotel rooms.

Earlier this month, Hanover Company secured a $94-million construction loan for a 394-unit complex at 6636 Variel Avenue in Warner Center, and Douglas Emmett filed plans to build a three-story office complex on Canoga Avenue in its 360,000-square-foot campus.

Warner Center is set to see 24,000 new residential units by 2033. Last month, California Home Builders secured a $90-million loan for its residential project on Topanga Canyon Boulevard with 347 units. [Daily News]Gregory Cornfield


Related Articles

arrow_forward_ios
Matt Khourie Chief Executive Officer of Trammell Crow and a rendering of the project

Trammell Crow, MTA team up on $1B mixed-use project in NoHo

JPI CEO Brad Taylor and a rendering of Jefferson on Avalon

High impact housing: Over 1K units slated to rise in Carson

David Nagel

Decron Properties, in multifamily expansion mode, pushes into Warner Center

Larry Green, Unibail-Rodamco-Westfield’s EVP for US Development, and a drawing of the planned stadium (Credit: Unibail-Rodamco-Westfield)

Billion-dollar Warner Center megaproject faces another hurdle

Larry Green, Unibail-Rodamco-Westfield’s EVP for US Development, and a drawing of the planned stadium (credit: Unibail-Rodamco-Westfield)

Westfield Promenade stadium clears major hurdle in approvals

6033 N. De Soto Avenue (Credit: Google Maps)

Development plans at Warner Center now include a 190-unit senior facility

Percival Vaz and a rendering of the housing project (Credit: City of Los Angeles)

Affordable developer AMCAL seeks federal funding for latest resi project

Chen Siqing, head of Industrial and Commercial Bank of China

China’s largest bank finances long-stalled condo tower project near Staples Center

arrow_forward_ios