Originally opened in 1970 as Tyler Mall, a one-level regional mall.
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Original mall had three anchors and a total of 85 stores.
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Sales were stagnant at $250-per-square-foot.
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Poorly positioned.
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Out-of-date appearance made it difficult to attract key retailers.
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Even though the two-county region had experienced explosive residential
growth, the center had not been updated in 20 years.
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CIGNA, the owner of the property, joint ventured with Donahue Schriber to
reposition, renovate and expand the center.
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The $107-million project added a Nordstrom department store, two parking
structures and a new second level of shops to the existing building -- all
while remaining open for business.
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The entire property was renovated inside and out over the course of the
18-month project.
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The center held grand reopening festivities in October 1991.
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The center opened over 90 percent leased.
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Sales per square foot are now in excess of $400.
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The project was completed on time and on budget.
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This 1.1 million-square-foot center now has 179 tenants and four anchors,
including Nordstrom, Robinsons-May, Macy*s and JCPenney.
200 E. Baker Street, Suite 100, Costa Mesa, Ca 92626 Phone: (714) 545-1400 Fax: (714) 545-4222
