Westside Game Changer
The Westside neighborhood north of the Santa Monica (10) Freeway and just east of the 405 Freeway has been in high demand over the last few years. Sales of two-bedroom bungalow homes in 90025 near the Westside Pavilion are north of $1.5 million and home rentals are over $4,000 a month. Pressure on home prices and rents should continue to go up significantly. Recently, the big question for the neighborhood was what would happen to the once popular Westside Pavilion. Over the last few years, the anchor tenants Nordstrom’s and Macy’s moved to the Westfield Century City and very few mall tenants remain.
The concern regarding the future of the mall is no longer in question. Good news has come to the neighborhood this month. Google recently announced they will be bring approximately 3,000 jobs and will be taking nearly 600,000 square feet of office space at the Westside Pavilion, which is being redeveloped by Hudson Pacific Properties and Macerich Co., the owners of the mall. The new facility will be known as One Westside. According to the Los Angeles Business Journal, Google will sign a 14-year lease for 584,000 square feet and construction will begin later this year. Renovations to the site should be finished by 2022. In addition to the office space, the new One Westside project is expected to have approximately 95,000 square feet of retail space which is in addition to the existing movie theater that is expected to stay. The expected success of the project along with the addition of 3,000 employees is expected to be a boost to the surrounding retail tenants and may help transform the area with the help of other local projects along Pico Boulevard.
Another close project being developed nearby is known as the Linea, which is at the former concrete plant at Pico and Sepulveda Boulevard. The project is being built by Carmel Partners and will consist of a 10-story building and three six-story buildings. Linea will include 595 apartments and approximately 5,000 square feet of commercial space at ground level. The project is adjacent to the Expo Line Station. - written by Keith Brennan. Feb. 2019