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Redevelopments

We continually improve our retail centers by adding the stores customers want to shop and creating an environment where they prefer to stay.

See how we strengthened retail in these communities.

Heritage Plaza

HERITAGE PLAZA

Irvine, CA
Ralphs, CVS/pharmacy

  • 2011 full-scale commercial real estate redevelopment of a suburban in-fill neighborhood center, including the interior and exterior renovation of a 44,376-square-foot Ralphs grocery store and a 21,360-square-foot CVS/pharmacy
  • Repositioned the shopping center to enhance retail options for the Asian consumer, which had grown from 8% to over 45% of the population over the center's 30-year life, adding new-to-the-market retailers Mitsuwa Marketplace, a Japanese grocer, and variety store Daiso Japan
  • Increased occupancy to 98%
  • Utilized consumer focus groups to tailor the merchandising and architectural style, adding requested outdoor seating, sidewalk eating areas and stone exterior facade
  • Completed shopping center redevelopment while keeping all tenants open for business
  • Added sustainability features including drought-resistant landscaping, addition of more than 200 trees consistent with the region's natural vegetation, a smart irrigation system that automatically monitors and adjusts to climate data and LED parking lot lighting

 

Roscoe Square

ROSCOE SQUARE

Chicago, IL
Mariano's Fresh Market, Toys"R"Us/Babies"R"Us

  • Located in the upscale Roscoe Village neighborhood of the City of Chicago with over 650,000 residents within three miles
  • 2011 full-scale redevelopment of a dark Dominick's-anchored property into a vibrant center anchored by Toys"R"Us/Babies"R"Us and the first Mariano's Fresh Market within the City of Chicago
  • Worked closely with area neighborhoods and city government to garner unanimous design approvals and entitlements
  • Completed redevelopment within 12 months while keeping all shop tenants open for business
  • Increased occupancy from 58% to 90% with leases currently being negotiated to bring occupancy above 95%
  • Awarded LEED Silver by the U.S. Green Building Council for sustainable design

 

Redevelopments In-Process

EAST

  • Brighten Park
    Atlanta, GA
    Re-tenanting of former Loehmann's with The Fresh Market, kick starting the center's re-branding. The project will also include a full fa├žade renovation of the main retail buildings, replacement of the roof, a complete overlay of the parking lot, an upgrade to site lighting, enhancement of landscaping, and the addition of new amenities, including green walls, hardscaping, and tree wells, to create a more inviting shopping experience and increase dwell times.
  • Fellsway Plaza
    Medford, MA
    Remerchandising of a large vacant unit with Planet Fitness and The Paper Store, right-sizing the large 28,248-square-foot unit into two smaller bays: 18,517 SF and 9,993 SF respectively. In addition to the planned remerchandising, Fellsway Plaza is receiving a complete façade renovation including new parapet walls, enhanced tenant signage, roof replacement for shop tenants between Modell's and Stop & Shop, upgraded parking lot lighting, entryway reconfiguration, and parking lot repairs. A three tenant pad building is also being constructed along Riverside Avenue with a line up consisting of Panera Bread, Noodles & Company, and Smashburger.

CENTRAL

  • Southpark at Cinco Ranch
    Houston, TX
    The redevelopment is constructing a new 12,580 SF building for Petco and an 8,400 SF multi-tenant building on the parcel between Academy and Spec's.

WEST

  • Encina Grande
    Walnut Creek, CA
    The redevelopment includes a new building for Whole Foods (replacing an existing Safeway), moving Walgreens to a new prototype building with a drive-thru, and the addition of Petsmart. Craftsman style architectural upgrades to the façades and storefronts along with the addition of gathering areas and upgrades to the parking lot promoting sustainability will be transformative for the remainder of the center.
  • Pleasant Hill Shopping Center (Pad Dev)
    Pleasant Hill, CA
    Construction of a new 4,000 SF pad building to be occupied by Starbucks and another food user.
  • Westlake Plaza and Center
    Westlake Village, CA
    The redevelopment is the second phase of the Westlake Village redevelopment. This redevelopment phase will integrate the high-quality designs and materials for façades and hardscape from Phase I to complete the strategic goal of integrating the three centers at Westlake Plaza into a single shopping experience. Specifically, the project will expand Gelson's into the adjacent endcap along with a full remodel of its storefront. The plan will also update the shop façades, gathering areas, walking paths, landscaping and parking lot lighting. Tenants will remain open during the redevelopment.

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