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In partnership with Los Angeles World Airports, we’re thrilled to announce an exciting new leasing opportunity at LAX Terminal 3, marking a significant step in the airport industry’s comeback from the COVID-19 pandemic.
As part of the Terminal 2 and 3 Modernization Project at LAX – a $1.86 billion project to modernize, upgrade and connect Terminals 2, 3, and the Tom Bradley International Terminal – URW is offering leasing opportunities for 10 new dining and retail destinations in Terminal 3, projected to debut in mid-2023. We invite interested parties to attend a Virtual Information Session on Tuesday, June 8th at 1 p.m. PT. Register here to to attend.
June 8, 2021 at 1 p.m. PT: Virtual Info Session – Register to attend here
June 15, 2021 by 12 p.m. PT: Written Requests for Clarifications Due
July 27, 2021 by 12 p.m. PT: Proposals Due
The Terminal 3 leasing opportunity is open to all businesses, and URW has evolved its Competitive Evaluation Process (CEP) to make this one of the most inclusive offers in the marketplace by encouraging small, local business and ACDBE participation. In addition, to better serve today’s socially conscious customers, URW is challenging bidders to deliver innovative proposals that highlight their commitment to sustainability and positive social impact.
“With this leasing opportunity, we want to lower the barriers to entry and bring new, diverse businesses into one of the most exciting new terminals in the country,” said Chris Adkins, URW’s General Manager at LAX. “This is a great opportunity for local small businesses to break into the airports industry as we work together to build back better than before.”
To make it easier for small businesses and ACDBE participants, the majority of spaces available are available to bid as a single unit, allowing bidders to propose concepts for any individual or group of spaces. URW has also streamlined the proposal process to encourage participation from businesses that may not have previous experience doing business in the airport. This is the first of two bidding opportunities that will be available in the renovated terminals.
When completed, the reconstructed Terminal 3 concourse, home to Delta Airlines, will ease congestion and enhance connectivity both pre- and post-security between Terminals 2 and 3. The renovated terminals will feature 14 dining and retail destinations occupying nearly 15,000 square feet – an increase of nearly 3,000 square feet before construction began.