Belmar, Phase II of the West Alameda Avenue Corridor redevelopment area, is becoming downtown Lakewood. The site where Villa Italia, a traditional indoor mall that grew to 1.4 million square feet, existed for 35 years has become one of the premier redevelopment projects in the country.
Belmar combines retailers, boutiques, restaurants, cafes, theatres, offices, residences, artist studios, parks and plazas; all within 22 city blocks. The development includes approximately 5,000 parking spaces in public parking garages, surface lots and street parking. Catering to the urban lifestyle, Belmar's streets, green areas and public art program are designed to encourage pedestrian traffic, promote community building and emphasize the importance of public spaces. The first phase of this $750 million plus project opened in May 2004. Currently, there are more than 80 shops and restaurants open in the development, which includes anchors Target, Best Buy, Nordstrom Rack, Dick's Sporting Goods, Whole Foods Market and Century Theatres. Belmar is also home to luxury condos, two educational facilities, more than 250,000 square feet of office tenants and Lucky Strike Lanes. Belmar’s mix of commercial and residential offerings continues to evolve.
The LRA partnered with Continuum Partners in the redevelopment of Belmar providing financial support for public improvements, such as sidewalks, streetlights, parks and parking structures.
More Information: click on the LRA Annual Report in the documents section.
||104 acres / 22 city blocks
888,000 square feet
||Approx. 2,500 public structured spaces
Approx. 2,000 surface spaces
38% owned, 62% rental
||248,250 square feet