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Costco Confirmed to be Anchor Store at Westfield Topanga
Rendering of The Village, via Westfield
It was all but officially confirmed until this week. Costco will be the anchor store for The Village at Westfield Topanga in West San Fernando Valley. The news comes after letters sent to community members last month saying the grand vision for the upscale mixed-use project had been scaled back due to the economy. Originally, the $700 million plan to connect the Topanga and Promenade malls was said to rival Century City.Now the project has been reduced by 45%, from 1.8 million square feet to about one million. Of that, 500,000 square feet of condominium and apartment units were taken out, which pleased Councilmember Dennis Zine. "We have a glut of housing in that area. What we need are developments that create jobs," he said.
But what's being added is a 146,000 square foot Costco, which act as the anchor store for the development. It is scheduled to open in 2012 and is expected to create 300 jobs. The Village plan will also bring an office building, hotel, more retail and dining.