X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TUSTIN, CA-Vestar Development has signed the major tenants and some of the specialty shops for its District at Tustin Legacy, a one million-sf retail center that is the first development at the former Tustin Marine Corps Air Station. Among those signed are AMC, Target, Costco, Lowe’s, Borders Books & Music and Office Depot.The new Vestar project, scheduled to open in October 2006, is a lifestyle center under way at the corner of Jamboree Road and Barranca Parkway. It also has commitments from Whole Foods, Strike Rock & Roll Bowling, TJ Maxx/Homegoods and PETsMART, according to Jeffrey Axtell, project director for the development. A host of other retailers and food tenants are committed to the project, including Johnny Rockets, the RA Sushi upscale sushi bar and Lucille’s Smokehouse Bar-B-Que.Axtell says that in addition to the tenants that have already been announced as signed up for the District, Vestar will soon be announcing more specialty stores, restaurants and entertainment venues. He says tenants are attracted by Orange County’s demographics, which include 1.5 million residents within 10 miles of the new Vestar development, along with 4,600 new housing units slated to be built on the land adjacent to the District as part of the overall Tustin Legacy development.The District will be the major retail component of the Tustin Legacy development, which will create an entire community on land that was once the Marine Corps facility. Axtell cites Claritas Inc. research showing a daytime population of 930,000 working at more than 76,000 businesses within a 10-mile radius of the development site.Vestar, which also developed the one-million-sf Long Beach Towne Center in Long Beach, is building the Tustin project in a joint venture with the Kimco shopping center REIT, which is its financial partner in the project. Other Vestar projects in Southern California include the 629,000-sf Pico RiveraTowne Center power center, the 830,000-sf Spectrum Towne Center power center in Chino which is the second phase of Vestar’s 1.4 million-sf regional shopping center), and the 600,000-sf Cerritos Towne Center in Cerritos.

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

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.