Construction is expected to begin by the end of the year on the $28.5-million, 280,000-square-foot Calabasas Commerce Center, a mixed-use business and retail center by Jaric Developers and Ahmanson Commercial Development Co. in Calabasas.
Located on a 16-acre site at the intersection of the Ventura (101) Freeway and Las Virgenes Road, the project will include nearly 200,000 square feet of research-and-development office space and more than 80,000 square feet of retail space, according to Michael Baskauskas, chief operating officer of Los Angeles-based Jaric Developers.
"Lease negotiations for more than 50% of the center have confirmed our belief in the demand by tenants for such specialized high-tech office and industrial parks," he said. "Tenants planning to anchor the retail space include a supermarket and a large sporting goods store. A number or restaurants are considering locating in the center."
Jaric plans to develop build-to-suit office space in the project, designed by the Irvine architectural firm of Ware & Malcomb. The buildings will be expandable to increase office space as required.