The Story Behind Large Retail/Entertainment Complexes

Valenzuela: “Retail is not dead, just getting more creative.”

BUENA PARK, CA—Large retail/entertainment centers are becoming more popular as our society enters into a more technologically driven future and retail landlords need to focus on providing entertainment and experiences, M+D Properties’ EVP Luis Valenzuela tells GlobeSt.com. Retail tenants at the firm’s 400,000-square-foot retail-and-entertainment center at the Source here will open during the first quarter of 2017. The Source is a 600,000-square-foot mixed-use complex in Buena Park featuring a retail and entertainment complex; a five-story, 60,000-square-foot, class-A office building—which has opened—and a four-star Hilton hotel with 174 rooms.

The Source Retail is anchored by CGV Cinemas, an industry leader in game-changing cinematic technology, which will open its first flagship Cultureplex in the US. M+D Properties has also signed more than 30 tenants including many first-to-market restaurants, entertainment concepts and beauty and apparel stores including OOAK Kitchen, a flagship restaurant by Shi Wei Tian; Samgeori Butchers Pork Charcuterie, a celebrity-frequented farm-to-grill restaurant opened by YG Republique; Olympus Screen Golf & Bar, Southern California’s first virtual-screen golf venue; Copley, a boutique offering luxury brands such as Manolo Blahnik, Vera Wang, MCM and others; and HoneyMee, soft-serve ice cream drizzled with honey. Featuring a modern and dynamic design, the retail complex will offer the latest in digital media technology, in addition to special events and live entertainment to the public.