40,000-Square-Foot Market Planned For Studio City Retail Center

Plans involve demolishing an existing 27,964-square-foot building within the retail center
Studio Village Retail Center Project Rendering
Rendering: Official
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An affiliate of retail real estate development company Paragon Commercial Group has submitted plans to build an approximately 40,000-square-foot, multi-tenant market and retail building in the existing Studio Village Retail Center in Studio City, according to a new case filed at the Los Angeles planning department.

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Filed on Thursday, plans call for the demolition of a 27,964-square-foot building at the retail center, which is located at 11263-11325 Ventura Blvd., and include requests for project permit compliance approval, a project permit adjustment allowing for a 14-percent increase in allowable wall sign area, and a conditional use permit for the sale of alcohol for off-site consumption at the incoming market. Paragon plans on keeping a 6,250-square-foot commercial building on the site’s eastern portion, according to its application paperwork.

The new building would rise two stories to a maximum height of 45 feet and contain about 37,000 square feet of market space and about 2,000 square feet of ground-floor retail. Between an existing surface parking lot and the proposed podium building, automobile parking would amount to 152 ground-level spaces, and there would be 48 bicycle spaces provided.

Project filings for the Studio Village Retail Center outline a tentative construction schedule beginning with demolition in April and ending with tenant-improvement work finishing in April 2023.

Based in El Segundo, Paragon has a pipeline that includes acquisitions, development, and redevelopment opportunities in Northern and Southern California.

Dean Boerner

Dean Boerner is a California-based writer previously with Bisnow and the San Francisco Business Times. He received his bachelor's degree in economics and business from Saint Mary's College of California, where he also served as the editor-in-chief of The Collegian, the school's campus newspaper. Before that, he spent two years as the publication's sports editor, and he remains a committed fan, for better or worse, of his Sacramento Kings, San Francisco Giants, and Saint Mary's Gaels.
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