Fashion Valley, one of San Diego's flagship shopping destinations, is stepping into the next generation of retail with plans to remake an anchor space into an upscale apartment community.
One of San Diego's flagship shopping destinations is stepping into the next generation of retail with plans to remake an anchor space into an upscale apartment community. Simon Property Group announced earlier this week that it will redo the west end of Fashion Valley Mall with 850 luxury residential units, 100,000 square feet of new shops and eateries, and an open-air plaza. The development will replace the JCPenney store and adjacent surface parking areas.
Residential and architect RDC to create a casual, coastal-style project that blends in with the mall's existing environment. The upscale center recently completed a multi-million dollar renovation with refreshed facades and new landscaping, and it will add three European fashion houses to its directory later this year.
Residential is owned by Prime Property Fund and currently has one other project under construction in San Diego — a 434-unit, seven-story project in Kearny Mesa called Aero. Founded in 1980, owns and manages 26,000 apartments in 77 communities. The Fashion Valley residential units will be in five-story buildings and marketed as luxury homes with high-end finishes and access to ample amenities. The mall owner will incorporate parking, but the plan is still being configured. The apartments will be slightly separated from the new retail component, which is being designed by 505Design and should open by late 2026.
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