Page 61 - February 2021

ovation hollywood
los angeles, Us
developer: gaw capital Usa & djm

Projects across the region
americas
Ingka Centres has announced that it will transform the 6X6
building in downtown San Francisco into a new, circa 25,000sq
m retail destination anchored by IKEA and complemented
with mixed-use offerings that are uniquely suited for San
Franciscans and their lifestyle, following its acquisition from MSP
Property. Expected to open in autumn 2021, it will be Ingka
Centres’ second mixed-use project in a downtown location,,
following the company’s acquisition of Kings Mall in London’s
Hammersmith last year.
The upcoming Manhattan West project by developer
Brookfield Properties is part of the revitalisation and
reactivation of a locale that has served as the heartbeat for
New York for more than one hundred years – a compelling
foundation for brands as they develop themselves as part
of a fabric of the city. The project will connect consumers to
the most disruptive and innovative brands to create unique
experiences and invite audiences to engage with products and Gaw Capital USA, a Hong Kong and Los Angeles-based real
services through unprecedented activations and interactions. estate private equity firm, together with DJM, a San Jose and
The Township project in Calgary, Canada will be Los Angeles-based private equity real estate developer, have
approximately 1.5 million square feet of mixed-use buildings unveiled their vision and plans for the famed shopping centre at
when fully developed. The project by developer Royop will Hollywood & Highland, which includes a major design update
feature a number of anchor retailers and a mix of large format and new name, Ovation Hollywood. Upon completion in late
retailers, fashion retailers and restaurants as well as smaller 2021, Ovation Hollywood will finally be transformed into a
service retailers. The area will also feature an existing high vibrant, mixed-use project that includes 135,000sq ft of retail,
school as well as office, residential and hotel opportunities. two floors of nearly 100,000sq ft of creative office space,
Current plans are for the project to be constructed over 85,000sq ft of dining, 65,000sq ft of entertainment space and
multiple phases. The first phase, which includes 400,000sq ft 40,000sq ft of event space. With an emphasis on a refreshed
of retail space, is currently due to be completed in April, with tenant mix and updated merchandising, DJM is leaning into their
multiple phases to follow. retail expertise to bring an updated tenant mix to the property.