Lakewood Center (Lakewood, Calif.), one of the first enclosed malls in the U.S. dating to 1950, is continuing to evolve. The shopping complex south of Los Angeles is slated to become a mixed-use community hub.
Making that announcement were three partners – Pacific Retail Capital Partners, Lyon Living and Silverpeak – who acquired the 2-million-square-foot center for an undisclosed price.
Those companies say their plan is to reimagine the center “through the development of a comprehensive master plan, transforming the property into a walkable destination that blends legacy retail with new residential, wellness, entertainment and green spaces.”…