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| Duane Keathley |
BAKERSFIELD, CA. – Local
developers C & C Properties, Inc. and MarkChris Investments announced their
plans for the revitalization of East
Hills Mall in Bakersfield, Calif.
The vision is to transform
the enclosed mall into an exciting, destination open-air lifestyle center
offering a collection of restaurants, shopping and entertainment in 350,000
square feet.
A new, state-of-the-art,
movie theater complex will serve as the centerpiece of the new development. The
redevelopment project is expected to break ground late in the second quarter or
early third quarter of this year, and be completed in the third quarter of
2018.
The redesign features a
large outdoor plaza, water fountain, seating and landscaping in front of the
theater complex and the adjacent buildings. On either side of the theater are a
variety of major retailers, boutique shops, quick-serve restaurants, a coffee
house and sit-down restaurants.
In addition to the main
building area, the new owners plan to add several buildings along Mall View
Road for shops, restaurants and services. The proposed design includes an
activated and welcoming streetscape and approachable storefronts that connect
with pedestrians and provide plenty of opportunities to sit and socialize.
“We are looking forward to
providing Bakersfield and especially northeast Bakersfield, an exciting,
first-class shopping and entertainment experience,” said Craig Carver. “Our design inspiration is a blend of mid-century
modern and contemporary-style architecture so it will uniquely stand out in the
market.”
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| Vincent Roche |
Carver said that they have
received a lot of interest in the location and are currently in lease
negotiations with several national and regional retailers and restaurants as
well as a national theater chain.
The new owners completed
their purchase of the 414,000-square-foot regional shopping center on December
23, 2016.
Duane Keathley,
Vince Roche and Josh Sherley of
Cushman & Wakefield | Pacific Commercial Realty Advisors represented the
buyer and seller in the sale. The seller was Retail Equities, LLC of Modesto,
Calif. and El Corte Ingles of Spain, Madrid. Keathley, Roche and Sherley have
been retained to lease the new shopping center.
“We are excited that local
developers recognize the potential of the retail demand in northeast
Bakersfield and will execute on a vision to bring a vibrant retail and
entertainment center to an underserved retail submarket of Bakersfield,” said Vincent Roche, Senior
Director/Principal, Cushman & Wakefield/Pacific Commercial Realty Advisors.
“National retailers look
for the strong demographics and high traffic counts that this location offers,”
added Roche.
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| Josh Sherley |
Built in 1988 on 36.4
acres, East Hills Mall is located on Mall View Road, between Mt. Vernon Avenue
and Oswell Street with excellent visibility and access to Highway 178.
According to Roche and Keathley, there are 250,000 people in the project’s
primary trade area and approximately 500,000 people in a 10-mile radius.
There
are more than 93,000 cars per day along highway 187 at Mt. Vernon Avenue and
70,500 cars along the highway at Oswell Street.
“This redevelopment has
been a long time coming,” said Duane
Keathley, Senior Director/Principal Cushman & Wakefield/Pacific
Commercial Realty Advisors. “It’s great news for the people of east Bakersfield
and for the City of Bakersfield in general. It will be an impressive retail and
entertainment center.”
C & C Properties and
MarkChris Investments have completed numerous residential, industrial,
commercial and retail development projects in the City of Bakersfield over the
last 25 years.
For a complete copy of the company’s news release,
please contact:
Anne Monaghan
Monaghan
Communications
830.997.0963
