Nearly a dozen new tenants have moved into the 16-acre Westsidedevelopment. Three others--high-end furnishing retailer BeaconHill, outdoor and garden furniture boutique Janus et Cie andkitchen-and-bath designers Euroconcepts--have expanded theirexisting space over the past few months.

In a complicated sale that involved a deed-in-lieu offoreclosure, an East Coast group that includes Charles S. Cohen ofNew York and the Cheslock Bakker Opportunity Fund acquired the1.2-million-sf furniture and design showroom project last year in adeal valued at about $157 million. The group also pledged to spendtens of millions to renovate the development, nicknamed "the bluewhale" for the mammoth blue building that anchors the complex.

About $40 million alone is being spent to convert some of theshowroom space into 212,000 sf of class A creative office spacetargeted at the entertainment and Internet industries. Elevatorsare being added and the lobby redesigned.