April 23, 2014 Lydia Gable

Conejo Valley Real Estate Updates from Lydia Gable

5/16 – This information has recently been updated:

As somebody who likes to keep a pulse on what is going on in our lovely community, I wanted to share some exciting news about upcoming developments I recently received from my friend and trusted commercial Broker, David Massie, with DJM Commercial Real Estate.

Here is the update:

  • The Old Plug Nickel location (now a wine tasting bar called Cuvee Terrace) in Westlake Village is being sold and leased to a couple of very high-end successful Italian restaurants in other cities.
  • The vacant space in the same center as Lure Seafood just past The Counter location has signed a lease for a New Zeland Pacific Rim type restaurant called Aroha. In the old 9021Pho location in this center to the left of The Counter, a new restaurant called Kaze—which somehow fuses Japanese and Italian foods together—signed a lease.
  • In Agoura Hills, Vincitori Italian (owns Spumoni in NP also and replaced China Star here) just opened up recently in the Agoura Hills City Mall where the Agoura’s Famous Deli is and there will also be a new Kosher Israeli restaurant opening in the next couple of months just to the left of this Deli.
  • Padri’s will be opening up a high end Mexican restaurant in the Whizzins Center where Latigo Kid used to be in the next couple of months. Latigo relocated to the old Alamo location in the Vons anchored center at Kanan and Thousand Oaks Blvd. in Agoura Hills.
  • The old Red Robin in Calabasas is being leased by the Agoura Famous Deli owner and it’s yet to been seen what it will become.
  • The Gelsons/Sprouts/Vons center in WLV (all owned by one owner) is performing a 25 million dollar renovation and is going to not only remodel but also build new buildings in some of the parking areas as well as try to connect all 3 different plazas into one. New restaurants/food uses coming here are: Leilas (rumor only, not confirmed), Mendocino Farms, Pitfire Artisan Pizza, Le pain Quotidien, Pressed Juicery and Firefly. Target is under construction with a July 25, 2014, grand opening date and they own their land. The goal is to get all other Tenants open on or around this date, with the exception of buildings B and E, which will be later phases delivered in September. Here is a website link that will show you a site plan for each building so you can see where each tenant is going in this new center:http://www.shoppesatwestlakevillage.com/.

Building J – In N Out

Building G

– Suite A: Hook Burger

– Suite B: Negotiating with several food users

– Suite C: In Leases with a sit-down seafood restaurant

– Suite D: In Leases with a dessert tenant

Building F

– Suite A: In Leases with a sub sandwich tenant

– Suite B: Greens Up!

– Suite C: Olio E Limone Ristorante

– Suite D: Olio E Limone Pizzeria & Enoteca

Building C

– Suite G: Los Agaves

– Suite F: All Tressed Up (blow dry bar, also offers make-up application)

– Suite E: In Leases with a wireless tenant

– Suite D: Endless Beauty (high end beauty supply)

– Suite B & C: Salon suites tenant (haircut and color services)

– Suite A: BCBC Nail Salon

Building D

– Suite A: Negotiating with sushi concept

– Suite B: Negotiating with women’s apparel

– Suite C: Negotiating with a jewelry store

– Suite D: Negotiating with a home goods boutique

– Suite E & F: In leases with a men’s clothing store and children’s concept, but may relocate both users to accommodate a microbrewery we are negotiating with

– Suite G: Jeannine’s Marketplace

Building B (this is a second phase of the project, which will be delivered in September)

– Suite H: Tilly’s

– Suites A, B and a portion of C: Medical Use

Building E (this is a second phase of the project, which will be delivered in September)

– We have a lease out for signature with a 1,000 SF user, however. Will have several food and retail tenants.

Isn’t that exciting? These new developments will do wonderful things for Westlake Village Real Estate values and will certainly keep all of us entertained!

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