X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN BRUNO, CA-The upcoming $105 million transformation of the 30-year-old Tanforan Park Shopping Center is set to break ground next spring, after the dust settles from a related $30-million takings lawsuit against Bay Area Rapid Transit.The developer is Newport Beach, CA-based Wattson Breevast LLC, which is backed by Lehman Brothers. The redevelopment will transform the 30-year-old mall and former horse race track into a one-million-sf upscale shopping center, complete with a new multi-screen theater.

The project, to be renamed Shops at Tanforan, received a positive response from the City of San Bruno. Existing anchors include Target, Sears and J.C. Penney. They will all be in the new mall. The existing shopping center is the city’s largest producer of tax revenues.

Wattson says the project will be developed regardless of the outcome of the takings lawsuit against BART in San Mateo County Superior Court. Wattson alleges it isn’t being paid enough for land BART seized in extending its rail line to the San Francisco International Airport because it will force him to build an expensive above-ground parking garage to see his project approved.

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.