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1/20/17
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Local developers C & C Properties Inc and MarkChris Investments intend to renovate East Hills Mall, a 414k sf regional shopping center in Bakersfield that they just acquired in December of 2016. Built in 1988 on 36.4 acres, East Hills Mall is located on Mall View Rd, between Mt Vernon Ave and Oswell St, with excellent visibility and access to Hwy 178.
The new owners plan to transform the enclosed mall into an exciting, destination open-air lifestyle center offering a collection of restaurants, shopping and entertainment in 350k sf of space. A new, state-of-the-art, movie theater complex will serve as the centerpiece of the new development. The redevelopment project is expected to break ground late in the second quarter or early third quarter of this year, and be completed in the third quarter of 2018.
The redesign features a large outdoor plaza, water fountain, seating and landscaping in front of the theater complex and the adjacent buildings. On either side of the theater are a variety of major retailers, boutique shops, quick-serve restaurants, a coffee house and sit-down restaurants. In addition to the main building area, the new owners plan to add several buildings along Mall View Road for shops, restaurants and services.
The proposed design includes an activated and welcoming streetscape and approachable storefronts that connect with pedestrians and provide plenty of opportunities to sit and socialize. The design incorporates a blend of mid-century modern and contemporary-style architecture so it will uniquely stand out in the market.
Duane Keathley, Vince Roche and Josh Sherley of Cushman & Wakefield | Pacific Commercial Realty Advisors represented both parties in the recent sale of the property. The seller was Retail Equities LLC of Modesto, CA and El Corte Ingles of Spain, Madrid. Keathley, Roche and Sherley have been retained to lease the new shopping center.
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