GROSVENOR’S LIVERPOOL ONE MIXED-USE DEVELOPMENT WINS ICSC VIVA “BEST OF THE BEST” AWARD IN LAS VEGAS
Having already won more than 60 awards since opening in 2008, Grosvenor’s 1.6 million square foot (148,645 square meter) Liverpool One mixed-use development was named VIVA “Best of the Best” by the International Council of Shopping Centers (ICSC) today at RECon, ISCS’s global real estate convention in Las Vegas, NV.
Liverpool One, which won ICSC’s VIVA (Vision, Innovation, Value, Achievement) Best-of-the-Best Award the in the design and development category, transformed 42 acres (17 hectares) of the city’s center that had remained undeveloped since World War II bombing raids. It is now a dynamic commercial destination that has attracted over 60,000 visitors from around the world.
Almost a city in itself, Liverpool One has 30 buildings designed by 26 different architects, organized in five distinct districts that were built around the city’s existing streets. Each district offers a different character and design. Altogether there are 175 retail shops totaling 1.4 million square feet (130,000 square meters), plus restaurants, apartments, hotels, offices, entertainment spaces, a new public transportation interchange, and a five-acre public park over underground parking.
With its “Living Cities” tagline, Grosvenor is known worldwide for its innovative urban mixed-use developments and redevelopments. In 2009, Grosvenor Americas’ mixed-use development in the heart of Vancouver, The RISE, won a prestigious 2009 Urban Land Institute (ULI) Global Award for Excellence. The RISE helped create Vancouver’s third largest retail node by offering 212,000 square feet (19,695 square meters) of ground-level retail space topped by 92 live-work rental homes and green roof/community garden.
As of year end 2010, Grosvenor Americas portfolio featured approximately 2.3 million square feet (214,000 square meters) of retail space in North America, with prestigious locations including Chicago’s Magnificent Mile, Los Angeles’ star-studded Rodeo Drive, San Francisco’s Union Square district, and Friendship Heights in Washington, D.C.
Grosvenor Americas is Grosvenor’s North American operating company active in seven metropolitan areas in Canada and the United States. Its real estate investment and development activities span retail, residential, office, hotel and industrial property types.
Grosvenor is a privately owned property group with offices in 18 of the world’s most dynamic cities. It has five regional investment and development businesses in Britain & Ireland, the Americas, Continental Europe, Australia and Asia Pacific. Its international fund management business operates across these markets. As of December 31, 2010, these six businesses had total assets under management of US$17.1bn. Unusual for a private company, Grosvenor publishes a full Annual Report & Accounts, available at www.grosvenor.com