Rick Caruso's ambitious expansion project for The Commons, featuring 210,921 square feet of additional floor area.
Discover the exciting developments in store for The Commons in Calabasas. Renowned developer Rick Caruso is in the process of obtaining city permits for an expansive project that aims to introduce new stores, restaurants, and up to 119 apartments to the thriving shopping center.
Demolition and Retail Space:
As part of the expansion plans, the Regency movie theater will make way for a remarkable 2,000 square feet of ground-floor retail space. In its place, five levels of modern apartments will be constructed, offering a harmonious blend of residential and commercial areas. According to the documents submitted to the city, this transformation promises to invigorate the shopping center and enhance the overall experience for visitors.
New Buildings and Diverse Offerings:
In addition to the theater's redevelopment, The Commons' parking lot will undergo a significant transformation. Four brand-new buildings will be erected to accommodate a diverse range of shops, restaurants, and apartments. These exciting additions will not only expand the facility but also introduce fresh and enticing options for shoppers and residents alike.
As part of the community's commitment to inclusivity, twelve out of the 119 apartments in this expansive project have been designated as affordable housing. By incorporating affordable housing units, The Commons aims to provide accessible and comfortable living spaces for individuals and families in the area.
Project Approvals and Public Engagement:
Rick Caruso and his team have embarked on the process of seeking necessary city approvals. The project will undergo careful scrutiny and evaluation in upcoming public meetings, where community members will have the opportunity to provide valuable feedback. Recently, the Development Review Committee convened to assess the proposal, marking an important step in bringing this visionary expansion to fruition.
With the addition of 119 apartments, new retail spaces, and a diverse dining scene, this redevelopment aims to create a vibrant and dynamic hub for the community. Stay tuned for further updates as the project progresses through the city permitting process, ensuring a bright future for The Commons and its visitors.