The company recently drafted a plan for a grocery-anchored retail center planned at the corner of Bosque and Great Park Boulevard.
The project was originally located at the corner of Ridge Valley and Great Park Boulevard, but FivePoint and Almquist recently proposed to relocate it to the new site, which is immediately adjacent to the city’s Great Park project.
FivePoint CEO Dan Hedigan previously told the Business Journal the company was marketing the approximately 5.5-acre site “to experienced retail developers who are skilled at constructing and operating these types of retail centers.”
Almquist aims to make the site more tight-knit and pedestrian-oriented, which is “atypical” for neighborhood centers, according to CEO Dan Almquist.
“In a lot of traditional neighborhood centers, people are used to getting into their car to go to two different locations in the same center,” Almquist told the Business Journal.
“We want to create smaller spaces where people can hang out, like the mom in the stroller coming across the street, who wants to find somewhere to sit and let the kids run around.”
Tenants for the project have yet to be decided, though a high-end grocer is likely to anchor the center, sources tell the Business Journal.