Westfield Topanga Finishes $330 Million Renovation With Fashion Retail
The Westfield Topanga shopping center is finishing the last lap of its $330 million renovation. By Oct. 6, the mall in the Canoga Park district of Los Angeles will debut a refurbished Nordstrom and more than 140 retailers that include some highly coveted tenants in fashion retail.
Specialty fashion retailers include A/X Armani Exchange, Arden B., BCBG Max Azria, Buckle, Burberry, H&M, MNG Mango, Marciano, Metropark, Miss Sixty, Ruehl, Oakley, Rip Curl and Zara. The tenant list was announced Aug. 22. A Target store also will open on Oct. 6. And a Neiman Marcus will debut at the shopping center in fall 2008.
AWestfield representative said its Topanga shopping center would be 1.6 million square feet, making it one of the biggest malls in the city’s San Fernando Valley.
The Australia-based Westfield Group owns more than 60 malls in the United States. The renovation of Topanga, which first opened for business in 1964, could be interpreted as a statement that Westfield wants more market share of America’s shopping center business, said George Whalin, president of Retail Management Consultants, based in San Marcos, Calif.
“Simon Property Group Inc. and General Growth Inc. have been the dominant players for a long time,” Whalin said. “If Westfield isn’t the dominant player in the foreseeable future, they’ll be No. 2 or 3.” —Andrew Asch
