Taubman Centers has revealed plans for a $500m renovation of Beverly Center in Los Angeles, US.
The refurbishment of the 886,000 sq ft centre has been designed by Studio Fuksas of Rome, Italy.
The project will include the addition of new skylights, a new exterior with a perforated steel façade, a new streetscape with modern architecture and drought-resistant greenery, a row of street-level restaurants, and an additional valet off West Third Street.
Work will also involve the addition of a modern smart parking system, an eighth level multi-concept gourmet food hall known as THE STREET, as well as a Center Court that will be used to host events, exhibitions and installations.
Construction work on the project is expected to be completed by the 2018 holiday season.
Taubman Centers chairman, president and CEO Robert Taubman said: “In re-envisioning Beverly Center, we are looking to create LA’s signature urban shopping and dining experience, as well as an exciting, pedestrian-friendly anchor to one of the most creative and diverse neighbourhoods in the world.
“The centre is a key asset in our portfolio, and after renovation we believe it will become one of the top ten retail centres in the nation.”