Irvine-based ValueRock Realty will debut The Commons, a $115 million โBig Boxโ redevelopment, on Dec. 14.
The redeveloped shopping center includes brand named tenants such as Tesla, 99 Ranch Market, Daiso and Philz Coffee.
ValueRock repurposed the 21-acre shopping center that was formerly anchored by a Loweโs with a mixed-use development with 200,000 square feet of retail and a proposed 343-unit residential project.
โAs antiquated big-box retailers continue to reduce space needs, our team envisioned and paved the way for a diverse group of globally and regionally recognized brands to come together to create a dynamic new concept that blends exciting shopping experiences and living,โ ValueRock Founder and CEO David Lee said in a statement. โThe vision that we created and the strategy that we executed for The Commons is the formula to reinvigorate retail centers across America.โ
Please read the Dec. 16 issue of the Business Journal for additional reporting on ValueRock and The Commons.
