Santa Ana, California

MainPlace

Type
Development
Square Feet
1,097,641 SF
Asset
Retail
Strategy
Value-Add

MainPlace was acquired in 2015 as part of a five-mall portfolio in a venture with Centennial Real Estate Company.

MainPlace is a super-regional mall located in Santa Ana, the third-most populous county in California – just minutes away from Disneyland Resort and the Anaheim Convention Center. This three-story mall is home to nearly 150 retail stores, including some of the most popular brands in fashion and beauty, 10 restaurants, two department stores, and a six-screen movie theater.

The investment provided an opportunity to reimagine the mall and the surrounding parking lots. MainPlace will be uniquely densified by redeveloping underutilized parcels into a multifamily-centric, mixed-use environment.

Project highlights

  • Strong demographics and high barriers to entry inhibit new development keeping downward pressure on retail vacancy rates.
  • Trade area located in top 15% of all malls in the country, underscoring the long-term viability and repositioning opportunity of the asset.
  • Site located in the heart of Orange County, at the intersection of the IH-5, SR-22 and SR-57 freeways.

Status

In 2016, MainPlace completed the first phase of a redevelopment by bringing new uses to the center, including 24 Hour Fitness, Ashley HomeStore, and Round 1 Bowling & Amusement.

Future development plans will execute on a vision to transform MainPlace to a retail, economic and social hub of Orange County.

Open Maps

Location details

2800 N Main St
Santa Ana CA 92705