The ownership secured $550 million in financing to develop an additional 300,000 square feet at the iconic 463,114-sqiare-foot luxury shopping center. The expansion will include a 57,414-square-foot space to be occupied by Barneys New York, which will be Barneys' only flagship store in the southeastern United States.

Touchstone and Portman are planning a 190,000-square-foot office building on Lot A and a 155,000-square-foot commercial office building on Lot B, along with ground-floor retail and below-grade parking.

Developer Astéras is nearing completion on a 25-residence boutique apartment complex in West Hollywood.