Hollywood Park Megadevelopment Announces New Retail Tenants
The first phase of the 300-acre Hollywood Park redevelopment in Inglewood is now more than half complete, and the developers behind the SoFi Stadium-anchored project have announced new retail tenants have signed on.
The Hollywood Park development is being developed by Los Angeles Rams owner and Chairman Stan Kroenke, with Wilson Meany as the development manager. The first phase of Hollywood Park’s dynamic retail district will measure 500K SF, 320K SF of which is under construction and slated to open in spring 2022, representatives for the project announced Wednesday.
Among the new tenants filling those spaces will be a second location of the Inglewood-based juice company Antojitos Martin and a second location in Inglewood of the Residency Art Gallery, which focuses on displaying works by artists of color.
It has been over a year and a half since the first three tenants — high-end theater Cinépolis, a brewery and restaurant from Lynne Weaver of Inglewood-based Three Weavers Brewing Co., and a fitness club — were announced.
Hollywood Park will also hold a 6,000-seat entertainment venue. Live Nation has partnered with Hollywood Park for an "exclusive, multi-year booking agreement" for the venue, developers announced. Events could include live music, comedy, esports and community events. Construction on Hollywood Park's 6,000-seat arts venue is expected to wrap up this summer.
The development will also include a considerable amount of office space, the first 380K SF of which is under construction and scheduled to open before the end of the year. The tenant, the National Football League, will be using the space as its West Coast headquarters, the developers previously said.
The NFL will take up about 214K SF of office, plus a roughly 75K SF studio and support space built specifically for the league. Designers are working on 500K SF more of office, developers said.
The $5B SoFi Stadium, home to the Los Angeles Rams and Chargers and part of the Hollywood Park development, opened in September. At that time, owners anticipated that the first phase of the project would open in February 2022, the same month in which the stadium will host the Super Bowl.
When fully built out, Hollywood Park is expected to include as much as 5M SF of creative office space, a retail district with up to 890K SF of shops, up to 2,500 residences and a 300-room hotel. The development will also include a 6-acre artificial lake and 25 acres of public open space.
CORRECTION, JUNE 16, 12:30 P.M. PT: A previous version of this story misstated the number of existing locations of Antojitos Martin and included reference to a tenant, RVCC Intersect, which is no longer occupying the development. The story has been updated.