X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ALAMEDA, CA-The Bridgeside Shopping Center here has been sliding downhill ever since losing an anchor tenant three years ago. The city’s Community Improvement Commission wants to do something to halt the decline.

The commission says it is planning to ask the center’s owner to step up to the plate and redevelop the mall. The center’s owner, IRES Inc. of Vancouver, Canada, could not immediately be reached for comment.

City officials also have said they may approach the Albertson’s supermarket chain about locating at the Bridgeside Center. Also under consideration are several upscale retail stores as well as a Trader Joe’s market, but nothing has been given a definite go-ahead.

Ever since the Lucky shopping center moved out in 1997, the shopping center has been on a downslide. Now 40% vacant, the 8.3-acre strip mall on Tilden Way consists only of a Rite Aid and a few other stores.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.