CORONA, CA-Cypress Equities / SRS Real Estate Partners ManagedServices has been designated as property manager for the PromenadeShops at Dos Lagos, a 350,000-square-foot retail lifestyle centerlocated in Corona, CA. Managed Services, a suite of servicesspecifically designed to maximize retail value, will develop andexecute a turn-around plan that focuses on improving the customershopping and entertainment experience.
The company plans to: create user-friendly public spaces;provide the community with a variety of everyday retailers,services, unique shops and restaurants to complement the currentmix of national and regional fashion and entertainment chains inthe center; introduce a new movie theatre operator with top movieselections and state-of-the-art upgrades; and expand on the new andaggressive community program of events including promotions,activities and everyday entertainment at the center.
Scott Harrington, managing principal for Cypress Equities,points out that new market demands are the reasons behind thechanges. “Market realities have changed the face of retaildevelopment, which means you have to be flexible enough to listento the new market demands and make the necessary changes in orderto provide the customers what they need.”
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