‘Runway’ at Playa Vista Announces Eight Exciting New Retail Tenants | Business Wire

PLAYA VISTA, Calif.–(BUSINESS WIRE)–Runway at Playa Vista announced the addition of eight new tenants to the

growing list of retailers that have signed leases to be part of the new

mixed-use lifestyle center being constructed in the heart of the Playa

Vista community.

The Studio MDR will bring its unique brand of fitness to Runway along

with several new restaurants, including 800 Degrees, Urban Plates, ROC

Kitchen, and N’Ice Cream. Starbucks, 18/8 Fine Men’s Salons and Varnish

Lab nail salon have also signed leases. The announcement of the new

leases was made by Runway’s development team, including Lincoln

Property, Phoenix Property Company and Paragon Commercial Group.

These new tenants will join several top brands that are already part of

the Runway line-up, including restaurants Lyfe Kitchen, Panini Café,

Hopdoddy Burger Bar and Sol Cocina. Prominent retailer Whole Foods is

planning to open its new store early next year. Cinemark’s NextGen

nine-screen multiplex with RealD 3D capability, self‐serve concession

stands, and an open plaza with a cocktail lounge is expected to have its

premiere in November of this year. Chase Bank, Wells Fargo Bank, and CVS

Pharmacy will also be part of Runway.

“We are tremendously excited to welcome the newest group of tenants to

Runway at Playa Vista,” said David Binswanger, Executive Vice President

of Lincoln Property Company. “Our residents, homeowners, and neighbors

will now have access to even more premier shopping, dining, and

entertainment options.”

Playa Vista and the surrounding area, recently dubbed the “lower

Westside” and “Silicon Beach 2.0,” is a growing technology and

entertainment hub home to many prominent creative and socially engaging

companies including Facebook, YouTube, Konami, Electronic Arts,

Microsoft, Fox Sports, Belkin and TMZ, as well as leading ad agencies

72andSunny, Chiat/Day and Deutsch, socially conscious manufacturers like

TOMS Shoes, and Hercules Studio—the film stage for Avatar and Iron Man

3. The community, already home to more than 7,000 residents, also

features beautiful neighborhood parks, a variety of new for-sale and

apartment homes, a K-5 public school, city library and many more

amenities.

Introducing new residential, commercial, retail, and open space only 1.5

miles from the Pacific Ocean, Runway at Playa Vista is a welcoming spot

to live, work, shop and play. The location puts Runway within easy reach

of LAX as well as the 250,000 residents of Manhattan Beach, Westchester,

Marina del Rey, Santa Monica, Venice and Culver City.

“Runway at Playa Vista is one of the most exciting developments to ever

come to West LA,” said Mark Harrigian, Principal of Paragon Commercial

Group. “We couldn’t have asked for better tenants to fill our property

and we look forward to welcoming more of the city’s creative,

forward-thinking companies in the near future.”

Construction is anticipated to be completed in early 2015, with many

tenants opening their doors before the holiday shopping season in 2014.

When complete, Runway at Playa Vista will include over 220,000 square

feet of retail, 420 residential units, and 30,000 square feet of office

space spread across eleven acres. The retail complex, designed by

Johnson Fain, will feature wide sidewalks for outdoor dining, soothing

water features, communal seating areas, fire pits and a direct

connection Playa Vista’s Linear Park. A lantern‐shaped tower with a

steel mesh exterior and dramatic lighting will house a central lanai

lounge that anchors the center and serves as Runway’s central meeting

place.

“These eight new tenants will be a fantastic addition to Playa Vista and

will help ensure that Runway becomes the true hub of our community,”

said Randy Johnson, Executive Vice President at Brookfield Residential,

the community developer of Playa Vista. “Runway is the located at the

heart of our growing Silicon Beach community and we could not be happier

to see this groundbreaking development come to life.”

CBRE is the leasing broker for Runway. Retailers interested in Runway

should contact Zachary Card, CBRE Retail Services, at 310-550-2542.

About Lincoln Property Company

Lincoln Property Company, founded in 1965 by its chairman Mack Pogue, is

a privately‐owned real estate firm involved in real estate investment,

development, property management and leasing worldwide. Lincoln has

offices in all major markets of the U.S. and throughout Europe.

Lincoln’s cumulative development efforts have produced over 100 million

square feet of commercial space and over 185,000 multifamily residential

units. Lincoln Property Company is one of the largest commercial real

estate companies in the world. Access www.lpc.com

for more information.

About Phoenix Property Company (PPC)

Phoenix Property Company (PPC) was formed in 1994 to focus on specific

multifamily development opportunities. Since its inception, PPC and the

affiliated GrandMarc have developed residential and mixed‐use

communities with a construction cost of over $1 billion. These

properties comprise over 6739 units and 240,835 sf of retail space. PPC

develops in partnership with outside equity investors, many of which

have chosen to invest in more than one project. Significant institutions

such as AIG Global Real Estate, Behringer Harvard, Brookfield Real

Estate Opportunity Fund and IBV Real Estate have chosen to invest in

several PPC developments.

About Paragon Commercial Group

Paragon Commercial Group is led by an institutional team of senior real

estate executives focused on retail acquisition and development

opportunities on the West Coast. With over 50 years of collective

experience and a retail resume in excess of 10 million square feet of

neighborhood and community centers, Paragon’s deep market knowledge and

extensive tenant relationships provide a constant pipeline of retail

investment opportunities. Paragon enters into each development with the

expectation of long‐term ownership and delivers only the highest quality

retail product. This commitment to quality extends to each constituency

involved in the development process including government agencies,

lenders, property owners, tenants and partners.

(see attached list of retailers coming to Runway)

Retailers: Runway at Playa Vista

Whole Foods: A dynamic leader in the

quality food business specializing in natural and organic foods and

committed to sustainable agriculture and the strictest quality standards.

Cinemark Theatres: The highest-attended

motion picture company in the world, celebrating 30 years of providing

their guests with superior customer service, engaging entertainment

experiences, and lasting memories.

CVS: The most prominent pharmacy health

care provider in the United States, helping people on their path to

better health by delivering expert care, convenience, and value.

800 Degrees: Honoring the heritage of Old

World Italian tradition by offering Neapolitan pizza with many

customization options in a contemporary setting.

Urban Plates: A chef-driven restaurant

serving fresh, farm-to-plate dishes that won’t break the bank.

Chase Bank: A leader in consumer and

commercial banking, serving millions of consumers and small businesses

through bank branches, ATMs, credit cards, mortgage offices, and online

and mobile banking.

Starbucks: A global coffee company and

coffeehouse chain committed to ethically sourcing and roasting the

highest quality coffee in the world.

18/8 Fine Men’s Salons: Reinventing the

barbershop, providing a wide range of services from haircuts,

straight-razor shaves to waxing and facials.

Wells Fargo: A trusted source for a wide

range of financial products and services dedicated to building lifelong

relationships one customer at a time.

ROC Kitchen: A restaurant offering

authentic family-style Chinese food in a relaxed, modern environment.

Lyfe Kitchen: Quality modern American food

using locally and sustainably sourced ingredients.

Hopdoddy Burger Bar: Created to express the

perfect union of burgers and beer, Hopdoddy’s passion is to bring you

the freshest, all-natural ingredients including hormone/antibiotic-free

black angus beef, from-scratch buns, and hand cut Kennebec fries.

Sol Cocina: Not your ordinary Mexican

restaurant, celebrating traditional Baja cuisine with a fresh, modern

interpretation.

Panini Café: A perfect blending of Old

World-style favorites with a healthy and modern European flair.

Varnish Lab: A premier nail salon

destination showcasing the latest designs from over-the-top art and

acrylics to basic mani/pedis.

The Studio MDR: An intense, muscle

quivering, shirt-drenching total-body workout studio melding elements of

Pilates, cardio training and weight-bearing activity to create a

revolutionary, one-of-a-kind exercise program.

N’ice Cream: Organic gelato & sorbet made

fresh daily and served in a bright storefront with morning coffee drinks.

The post ‘Runway’ at Playa Vista Announces Eight Exciting New Retail Tenants | Business Wire appeared first on Health with Beauty.

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