1/20/2024 0 Comments Runway playa vista floor plans![]() ![]() Lincoln decided last summer it was time to sell, David tells us. David declined to name the other contenders, but there were a total of four interested parties. However, it was not the only company that considered making the purchase. He says Runway Playa Vista had been on Invesco Real Estate’s radar for a couple of years now. The deal took five years, Lincoln Property senior EVP David Binswanger tells us. We caught up with Lincoln Property for an inside look. The purchase from Lincoln Property, Phoenix Property and Alcion Ventures was years in the making. Invesco Real Estate beat out several other firms to land Runway Playa Vista in a $475M sale that adds to its growing presence in the burgeoning community. Glass is maximized to increase visibility and access to natural light.Behind The Deal: The $475M Sale Of Runway Playa Vista Colors vary from neutral tones to bright accent colors. A parking structure for commercial visitors, clad with a vividly colored mural facing Jefferson Boulevard, is accessed from Runway at the center of the project and accommodates both self-park and valet service for up to 1,335 cars.īuilding materials include a wide range of familiar choices from many of Los Angeles’ well-known shopping streets: natural wood, plaster, panelized and corrugated metals, glass, tile, asphalt shingles, brick, composite-cement panels and natural concrete. ![]() ![]() Parking dedicated for residents is located directly below the residential portions of the project, allowing residents to bypass the public realm and enjoy a secure community above. Private residential amenities include recreational courtyards, sundecks, outdoor dining areas, fitness centers and pools. Restaurants wrap the corners of Town Center Drive and Millennium Road and mix with ground floor, two-story townhouses. Above the ground floor retail, 217 residential apartments animate the streets with large windows, balconies and articulated walls. Running north and south between Runway and Millennium Road is Town Center Drive, a street lined with restaurants and cafes with broad sidewalks for outdoor dining and canopies and trellises for shade and weather protection. Situated above the ground level retail are three levels of creative office space totaling 33,000 square feet with large expanses of glass and planted terraces that look onto the active Runway. Collections of public landscaped plazas and outdoor lounges with fire pits and water features provide places for families, singles and seniors to socialize while expansive public artworks located throughout are key to the project’s authenticity. A 100-foot tall kinetic art piece which provides a central frame for the escalator / stair / elevator system, also houses a ground floor lounge and serves as a gateway between the parking garage and the active streetscape. The project is a vibrant urban district for locals of Silicon Beach to shop, dine, entertain, live and work.Ĭentrally located and long awaited by existing residents of Playa Vista, the 10-acre project includes Runway, a lively “main street” with in-line shops, restaurants and a wide array of retail anchors including Whole Foods Market and Cinemark Theater which complete the 200,000 square foot retail program. Runway at Playa Vista is the new vertically mixed-use social and retail destination of Playa Vista. Client: Lincoln Property Company, Phoenix Property Company, Paragon Commercial Group ![]()
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