San Juan Capistrano-based Pintar Investment Co. LLC, the real estate investment firm that was part of a group that lost a $177 million bid to take over ownership of the Ziggurat building, announced today it entered a contract to buy the Laguna Design Center.
The Laguna Design Center is a 240,000-square-foot interior design and high-end home furnishings venue at 23811 Aliso Creek Road in Laguna Niguel. The design center, with tenants such as Baker Furniture and Realty One Group, is near the Ziggurat building.
Jeff Pintar, CEO of Pintar Investment Co., said his firm plans to redevelop the property with new landscaping, signage and, according to a company statement, “a broader mix of uses.” Those new uses would include updated food and beverage offerings and daily needs retailers.
“We see a tremendous opportunity to elevate the Laguna Design Center into a space that not only supports the design community and their clientele, but also offers a more connected, experience-driven environment for the broader public,” Pintar said in a statement. “Having lived in Laguna Niguel for over 20 years, our community is desperate for a place where we can gather, shop, dine, and connect in a convenient yet regional location that represents the lifestyle and values of our community.”
More about this story will be in the Aug. 25 issue.
