William Taubman Discusses L.A. RetailThe executive weighs in on the market as the Beverly Center celebrates the completion of its $500 million makeover.

[Collection]LOS ANGELES — A few years and $500 million later, Taubman Centers is ready to celebrate the completion of the Beverly Center’s renovation that’s brought in aesthetic updates and new tenants to the property. The 886,000-square-foot property’s completion was one of several retail projects in the greater Los Angeles area in recent years that have come online, including the Palisades Village project by Caruso and the $1 billion completion of Westfield Century City about a year ago. “It feels great on the one hand,” Taubman Centers chief operating officer William Taubman said a day ahead of a series of events taking place during the weekend to ring in the refreshed property. “The thing about mall projects is that they’re never really done. The physical part is done, but the remerchandising continues.…At the end of the day, we’re very happy with the way things turned out, and we believe we have the most compelling assortment of any location in the entire market and, clearly, the only location that appeals to the contemporary shopper.” Rome-based Studio Fuksas oversaw the design with a 25,000-square-foot skylight among the renovation’s focal points. There’s also been the addition of a smart parking system and a Grand Court where shoppers

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