One of San Diego's highest-profile shopping malls is slated to become part of a mixed-use development with luxury apartments.

Simon Property Group is planning to redo the west end of Fashion Valley, replacing the JCPenney store that anchors the mall with an upscale multifamily campus featuring 850 luxury residential units.

The REIT's plans also call for 100K SF of new shops and eateries, as well as an open-air plaza. The redevelopment will encompass adjacent surface parking areas, according to a report in San Diego Union-Tribune.

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