Palazzo Westwood Village by Casden Properties Brings New Vibrancy to Heart of Westwood...

Palazzo Westwood Village by Casden Properties Brings New Vibrancy to Heart of Westwood with 350 Resort Style Rental Homes, Trader Joe's, Rite Aid

LOS ANGELES--(Business Wire)--
Palazzo Westwood Village at 1060 Glendon Avenue in the heart of
Westwood Village is setting a new standard for resort living in Los
Angeles and, at the same time, acting as a vital catalyst for the
village with over 700 new residents, premier retailers led by the
popular Trader Joe's and more than 1200 new parking spaces.

Palazzo Westwood Village's 350 rental homes with the city's
highest level of lifestyle amenities, city and courtyard views and
superior appointments are quickly leasing and are expected to be
completely full by year end. The first residents already have moved
in. Two-story town homes with wrap-around terraces, great downtown
views and up to three bedrooms are in great demand.

Topflight retailers have signed on for most of the commercial
space along Glendon Avenue. Trader Joe's has leased the corner at
Glendon and Weyburn while Rite Aid will occupy a similar space across
Glendon. Pastagina, an Italian restaurant with al fresco dining, will
offer both in-restaurant and in-apartment service. Jersey Mike's Subs
and It's a Grind coffee shop complete the initial retail cohort
expected to open this summer.

Created by Casden Properties, Palazzo Westwood Village embraces
the architectural tradition of Westwood with its distinctive towers at
the Weyburn Avenue corners and its Spanish revival design. It
revitalizes the original Spanish Colonial architecture of the village
environment and is within easy walking distance of Westwood's wide
range of shopping, movie theatres, popular restaurants, and world
class museum, university and medical center.

Palazzo Westwood Village with its well articulated forms makes a
clear design statement along Glendon Avenue and gracefully integrates
the historic Glendon Manor. This revitalized landmark houses two-story
townhomes on its upper level as well as a spa and fitness center on
the first floor.

The Alhambra, the famous Moorish palace in Granada, Spain, is the
inspiration for Palazzo Westwood's gardens and fountains. Each
courtyard has its own carefully designed personality and together they
make a journey of discovery through the grounds. Seven lavishly
hand-painted tiled fountains are the centerpieces of the courtyards.

The Palazzo Westwood Village is like living at a secluded,
ultra-luxurious five-star resort with the advantage of stepping out
your door into a vibrant and dynamic cityscape. The rental homes all
offer gourmet kitchens with hardwood floors, fireplaces, high ceilings
and large terraces. Residents have gated access to the project. An
additional 500 parking spaces are available for retail tenants and
public use.

The resort style living includes an infinity pool and spacious
private sun deck, the world class health spa and club, and concierge
service to help with everything from theatre tickets and car service
to birthday gifts and dog walking. The fitness center equals any
resort with the finest customized equipment including exceptional
cardio machines. There's also a 30-foot rock climbing wall, a weight
room and exercise studio, and daily classes that include yoga, pilates
and spinning. Men's and women's steam rooms, saunas, showers and
changing areas are equipped with luxurious fittings and furnishings. A
comfortable lounge with a 65-inch plasma screen completes the spa.

The Palazzo Westwood Village concierge acts as a personal
assistant to residents and takes care of deliveries and service needs
as well as booking airlines, lining up limousines or handling myriad
other requests. The property management staff is available to take
care of any problems that arise or to arrange for outside service
people to fulfill decorating or moving needs.

The Executive Center is fully furnished with the latest technology
and office equipment. Meetings for up to 20 can be held in the
spacious conference room.

Casden Properties has built some of the finest residential
properties in Los Angeles including the Palazzo and Villas at Park La
Brea.

Casey Sayre & Williams, Inc.
Meredith Red or Ashley Greer, 310-396-2400
mred@cswpr.com
agreer@cswpr.com

Copyright Business Wire 2008