Rick Caruso broke ground Tuesday on his new development at The Commons at Calabasas.
The 190,000-square-foot new construction on the site of the shuttered movie theatre will include 80 apartments, new stores and restaurants in what is being called Commons Lane.
Some restaurants and stores are anticipated to open by the end of 2026, with the apartment online in 2027.
Shown above, from left to right are Calabasas City Manager Kindon Meik, City Councilmembers David Shapiro, Alicia Weintraub and Ed Albrecht, Calabasas Mayor James Bozajian and developer Rick Caruso.
“In an era where so many cities are struggling and disruptive, in an era where so many people are not investing in cities, because of some chaos or the lack of leadership, the City of Calabasas is just the opposite. We want to have our capital here. We want to be a partner here,” Caruso said.
