Amy Pokawatana, vice president of development design, says her two sisters worked at Banana Republic at Westside Pavilion, “so I used to spend a lot of time there. Pearson isn’t the only Hudson Pacific employee with a tie to the former mall who has worked on the adaptive reuse project. “In this case, everything aligned for an exceptional project on an exceptional piece of real estate.” Appealing Streetscape Macerich’s situation as the landowner allows it to wait until the right combination of factors is in place before it opts to move forward with redevelopment, he adds. In the case of One Westside, “the opportunity to co-create an adaptive reuse in place of a former enclosed mall with Hudson Pacific was an ideal match for the community, for Google as the long-term office tenant, and for us,” Short says. “When Macerich began looking at the opportunities to repurpose the mall, they came to the same conclusion that we did at Hudson Pacific,” he says.ĭavid Short, executive vice president, asset management at Macerich, says the REIT’s fundamental vision for value creation is “to continue redefining our well-positioned, high-quality properties in attractive, urban, and suburban markets based on the highest and best use for each individual asset.” Despite those fond memories, it was clear to him and others that the mall’s heyday was a thing of the past. In January 2019, Google signed a 14-year lease as the sole tenant of One Westside.Ĭhris Pearson, senior vice president of development, planning, and government affairs at Hudson Pacific, has a personal connection to the project, having gone trick-or-treating in Westside Pavilion as a child. Hudson Pacific owns 75% of the venture and serves as the property’s day-to-day operator and developer Macerich owns the remaining 25%. The two companies bought the Westside Pavilion mall in 2018 with the intention of repurposing the property.
#WESTSIDE CONNECTION MAC#
(NYSE: HPP) and Macerich (NYSE: MAC ), is a case study in adaptive reuse and its ability to give back to a neighborhood. The project, a joint venture between Hudson Pacific Properties, Inc. Transforming a struggling West Los Angeles shopping mall into a creative tech office campus, now known as One Westside, takes vision and a sense of place. Photo courtesy of Hudson Pacific Properties.
Hudson Pacific and Macerich have transformed a former West Los Angeles shopping mall into a tech office campus.
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