Around The Towns

California developers Opus West and Shea Properties are developing town center projects that will provide enticing downtown shopping districts for two small but growing California cities, Chino Hills in Southern California and Marina in the Monterey Bay area.

Opus West is under way with the Shoppes at Chino Hills, which integrates 400,000 square feet of retail with residential, office and civic uses, including 240 luxury condominiums; 50,000 square feet of office space; and a new civic center, community library and police station. The project will open in May 2008. “This is a great opportunity to create a downtown in a real sense,” says Paul Marshall, president of the Southern California Division of Opus West.

Shea's project, the Dunes on Monterey Bay, includes two distinct shopping districts — a 480,000-square-foot power center and a 145,000-square-foot lifestyle component. The retail project, which will open in October 2007, is part of a larger mixed-use project that is redeveloping the former Fort Ord military base to civilian use, with 1,230 residential units, two hotels and a business park. A boardwalk will link the shopping districts to a beach, parks and 6,000 new homes.

Please or Register to post comments.

Latest poll

Total CMBS Issuance Volume

There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?

 

Commentaries and Blogs

Newsletter Signup

NREI Daily Regional Newsletters

Connect With Us
National Real Estate Investor Related Sites