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Cross-Country Reinvention

Posted on December 5, 2019 in News, Trends, And Insights

From California to New York, mixed-use complexes must continuously reinvent themselves, and ShopCore Properties is well underway on those transformations at two very different properties: One Colorado in Pasadena, California, and The Shops at Skyview Center in New York City.

No stranger to reinvention, One Colorado will undergo another redevelopment that will transform retail for the area. A previous owner had turned an enclosed mall into an open-air mixed-use complex spanning a full city block in Old Pasadena. ShopCore will add even more uses to reinvigorate the property.

“We own the premier real estate in Old Pasadena,” said David Dieterle, Executive Vice President of Leasing & Development. Pasadena has enjoyed a historically strong shopping and dining district, but the “New” One Colorado “Will bring refreshed energy, vibrancy, and relevancy to old town.”

The 243,508-square-foot center’s tenants include an iPic Theatre and it Fornaio restaurant. Above the retail are two levels of office space, with more to come — Industrious will take approximately 26,000 square feet of co-working space at the property.

Coming soon is a fresh-to-market food district, a courtyard and biergarten, as ShopCore continues to retenant the property for an exceptionally affluent region. More than 198,000 people live within three miles of the center, boasting an average household income of $121,300.

The Shops at Skyview Food Hall

Across the country, ShopCore is planning an update for its only enclosed center, The Shops at Skyview in Flushing, Queens, New York. Part of a massive mixed-use complex that also includes luxury residences, the center is located in a predominantly Asian community, the largest Chinese population outside of Asia, in one of the most urban areas of the country. Nearly 800,000 people live within a three-mile radius, with an average household income exceeding $80,000. The center hosts over 10 million visitors per year.

Big-box anchors, including BJ’s Wholesale Club, Nordstrom Rack, Target, Marshall’s, and Best Buy, are joined by Asian food vendors and more.

A two-level food hall featuring local vendors and a stage and entertainment area fronting the highly trafficked College Point Boulevard is in the approval process. Designed to be visible through the project’s multilevel glass exterior, the food hall will be an icon for the area.