Bloomfield Hills-based Taubman Centers Inc. will invest $500 million in the renovation of the Beverly Center in Los Angeles, adding new restaurants and creating a brighter and more contemporary interior and exterior. The center and its tenants will remain open during construction that is expected to be completed by the end of 2018.
“In re-envisioning Beverly Center, we are looking to create Los Angeles’ signature urban shopping and dining experience, as well as an exciting, pedestrian-friendly anchor to one of the most creative and diverse neighborhoods in the world,” says Robert Taubman, president and CEO of Taubman Centers. “The center is a key asset in our portfolio, and after renovation we believe it will become one of the top 10 retail centers in the nation.”
Taubman says the renovations will include the addition of a continuous line of skylights, a new exterior with a steel façade, a row of street-level restaurants, an additional valet, a smart parking system, a gourmet food hall, and new retailers.
â€‹Taubman says the design architect for the renovation of the 886,000-square-foot center is Studio Fuksas of Rome, Italy. Studio Fuksas also designed the Shenzhen Bao’an International Airport in China and the Ferrari Operational Headquarters and Research Center in Italy. Another local group working on the project is Sachse Construction in downtown Detroit, which is providing tenant coordination services on behalf of Taubman.
Beverly Center is anchored by Bloomingdale’s and Macy’s, and will offer retailers such as Burberry, Tiffany & Co., Prada, and Louis Vuitton, among others.
Taubman says 10 dining concepts will be developed, including two by James Beard Award-winning Chef Michael Mina. His first restaurant is the multi-concept gourmet food hall, to be called The Street. The eatery will offer 15 to 18 concepts, along with views of downtown Los Angeles and the Hollywood Hills.