Le Lézard
Classified in: Business
Subjects: RLE, CXP

West Harbor--Los Angeles' Landmark, 42-Acre Dining & Entertainment Destination--Shows Strong Demand For Waterfront Real Estate With Seven New Leases


LOS ANGELES, Aug. 27, 2021 /PRNewswire/ -- Los Angeles' pioneering dining and entertainment destination, West Harbor, announces over 65,000 square feet of newly leased space, plus 32,000 square feet of outdoor patio and overwater deck space, with the signing of seven new tenants. This latest round of updates represents 65 percent of the space currently available for lease. Despite challenges posed to the industry by the pandemic, this forward movement demonstrates strong demand for the project's signature features: abundant outdoor space and a location along Southern California's historic LA Waterfront.

Newly signed tenants?secured in partnership with brokerage firm Retail Insite?represent a vibrant and diverse mix of industry innovators; groundbreaking, immersive entertainment brands; and iconic dining and drinking destinations (hailing from Southern California; Austin, Texas; and beyond). Tenant concepts will build upon the intrepid work of West Harbor's team of internationally recognized architects and urban planners?including James Corner Field Operations and Long Beach-based Studio One Eleven?with enrichments like added mezzanine space and an expansive al fresco beer garden.

Confirmed tenants include:

"The caliber of food, beverage, and entertainment brands that have signed on to West Harbor?several for their first-ever satellite or first locations in Los Angeles?affirms what an unprecedented, world-class waterfront destination this will be," says Wayne Ratkovich, Chairman of The Ratkovich Company.  "West Harbor will be a signature development for the region, and these leases announced today show the quality of offerings that will draw people to the LA Waterfront. We anticipate the remaining space to be signed up by year-end."

"This announcement demonstrates the resilience of our hospitality, entertainment, and retail sectors and underscores the exciting growth and development happening in San Pedro," says Los Angeles City Councilmember Joe Buscaino. "The curation of these world-class tenants for West Harbor was done with such great care that this destination is certain to become the darling of Los Angeles tourism."

"We are pleased to see the West Harbor team deliver such a strong mix of hospitality and entertainment entities for their development," says Port of Los Angeles Executive Director Gene Seroka. "This milestone builds on the billion-dollar investment in public access infrastructure the Port of Los Angeles has made over the past two decades?including $100 million in waterfront and recreational infrastructure for this exciting development. For every popular attraction that Southern California offers, there is nothing comparable to the visitor experience we are creating here on the LA Waterfront."

About West Harbor
West Harbor is a modern and vibrant harbor-side entertainment district featuring a broad array of retail, dining, and public attractions unlike any other in Southern California and beyond. It is an epic collaboration between two Southern California-based, family-owned businesses (The Ratkovich Company and Jerico Development) in partnership with the Port of Los Angeles, who together are redefining what the LA Waterfront can be. Like no space before it, it will juxtapose the bustling energy of a working port with the public at play, introducing an entirely new destination that expands public access to the entire waterfront. With multiple, compelling means of arriving at the destination: from courtesy slips and water taxis to bike paths and Metro's Express Lanes, visitors can essentially drive, bike, walk, and even sail to the destination. West Harbor will further link to the California Coastal Trail, seamlessly connecting the greater Los Angeles region to the destination. 

Complementing this new entertainment district are nearby businesses both historic and modern, including farmers' and pop-up markets, AltaSea (a cutting-edge marine research center and blue tech incubator), and the vibrant Downtown San Pedro Arts District. Groundbreaking for the project will begin in early 2022, with a public debut in 2023. To learn more about West Harbor and for updates on the project, visit WestHarborLA.com, follow @westharborlosangeles and West Harbor on Facebook.

SOURCE West Harbor


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