After many months of planning and construction the Malibu Lumber Yard Mall is finally coming together!
Despite a delayed grand opening in the Summer the development is nearly ready for occupation. Stores are preparing to move in already to get ready to start trading when the opening occurs. The original opening of November 2008 was delayed to February 2009 and now the summer due to the developer making provisions to meet the requirements of the waste water discharge permit.
The City has an interest in the Mall opening as soon as possible and trading quickly as Under the special lease agreement with the City of Malibu, Lumber Yard mall owner Richard Weintraub will pay the city $925,000 per year. The city will then receive 30 percent of the mall’s annual profits when they exceed $2.2 million.
Stores will move into the mall beginning in March and filling the remaining vacant spaces will be an ongoing process. The mall will host many different tenants and have some stores catering to high end clients.
The announcements of the stores to open so far are as follows:
Clothing
Planet Blue Kids
J. Crew
James Perse
Alice & Olivia
Kitson
Maxfield
Theory
Tory Burch
Home
Andrianna Shamaris
Food
Crumbs Bake Shop
The two restaurants the mall will house have not been announced yet.
If you are interested in purchasing a property or selling a property in Malibu, Pacific Palisades or the surrounding Beverly Hills/southern California area then please contact Judy Kunisaki for professional real estate advice in the Westside Los Angeles area, on 310-317-8396 or via her online contact form on her website.
