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BUILDING INDUSTRY NEWS
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The $6 million mall (makeover)

Alicia Towne Plaza is set for renovation, and L.A. Fitness will step in where Mervyn’s moved out.

BY JENNA SWEENEYPublished: January 05, 2011 10:19 AM

Mission Viejo’s Alicia Towne Plaza is getting a $6 million face-lift that will convert the former Mervyn’s store into a smaller retail space anchored by L.A. Fitness, along with a renovation of the remaining 150,000-square-foot property.

In addition, the 10 acres of surrounding landscape will be improved, and signage along Alicia Parkway will be constructed.

Architects Orange is spearheading the redesign of the center façade. The architects sought design inspiration from the Andulucian region of southern Spain. The design will include new support pillars, revamped windows and doorframes, new trellis canopies and sconce light fixtures.

“We are proud to be making improvements to Alicia Towne Plaza at a time when few are moving forward with these value-add investments,” said Jim Maginn, CEO of Watt Cos. “We are also pleased to continue our relationship with L.A. Fitness, who will also be opening their doors in another Watt center in Harbor City by the end of the month. L.A. Fitness will be a solid anchor tenant for Alicia Towne Plaza, and I am confident they will be well-received by the surrounding Mission Viejo community.”

Watt signed a 15-year lease with L.A. fitness after Mervyn’s declared bankruptcy in 2008. As part of the deal, L.A. Fitness will be updated to a two-level, 83,857-square-foot, full-service facility. The privately owned health club is expected to open in May.

All existing Alicia Towne Plaza retailers will remain open during construction.

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