Primestor Development is converting its Panorama Mall in Los Angeles to a mixed-use project that will create 4.5M SF of commercial, residential and hotel space on the 17-acre property.
Culver City, CA-based Primestor is calling the redevelopment proposal, which it recently filed with Los Angeles City Planning, the Panorama City Center. The property is located on Van Nuys Blvd.
"Panorama City Center will introduce a dynamic mixed-use environment to a 17-acre site that today is significantly underutilized," Primestor said, in a statement. "The revitalization will deliver quality jobs, investment and economic empowerment to a community that has experienced under-investment over the last 50 years."
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