Walnut Creek’s Rossmoor Shopping Center received approval from the Walnut Creek Design Review Commission (DRC) Wednesday, the third of three approvals necessary to begin the center’s redevelopment.
Tallen Capital Partners, LLC and Citivest Commercial, LLC, along with their equity partner, led the 30 month redevelopment planning and leasing process and say that, when completed, it will make the somewhat dowdy looking area “the heart of the surrounding community” and an “influencer of shopping patterns.”
The project has so far received what the development group said was the “unanimous support from the Walnut Creek City Council and the Walnut Creek City Planning Commission.” Further refinements are being made relative to the future center’s access, circulation and landscaping.
Expected to take approximately 15 months to complete, the phased redevelopment calls for a refreshed facade, drive-through pharmacy, fashion-forward boutique shops and “charming” restaurants, though we’re not sure what that means for the Rossmoor Diner.
Ground breaking is scheduled to begin in the fourth quarter of 2016 with completion expected in the fourth quarter of 2017 or the first quarter of 2018. The architectural design team is led by Bay Area architect Norman Sears of SGPA’s San Francisco office.
Recent lease signings include:
- New long-term lease with Safeway, an existing tenant
- New long-term lease with CVS Pharmacy, an existing tenant who will move to a new pad location that includes a drive thru for consumers’ convenience
- A new long term lease with local Rossmoor retirement community stakeholders and realtors Better Homes & Gardens, an existing tenant who will move to a new, completely renovated location
- A long-term lease with Starbucks, a new 2,000 square foot prototypical store with a drive thru