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NEWPORT BEACH, CA-Allied Retail Partners of Newport Beach and Red Mountain Retail Group of Santa Ana have unveiled plans for an $80-million retail project at Pacific Coast Highway and Dover Drive that will be called Bel Mare and will be aimed at high-end customers in this affluent city. The two-story development on Pacific Coast Highway is scheduled to break ground this year and to be completed in the summer of 2008, according to Greg Lyon, a principal at Irvine-based KTGY, the architectural firm that is designing the center.
Among the tenants signed for the 56,000-sf center are Los Angeles-based AG Adriano Goldschmied, Lisa Kline, Lisa Kline Men, Lisa Kline Kids, New York-based Nancy Koltes At Home and Arizona-based Maria Martin. Lyon says that the developers are negotiating leases with a host of other boutiques, fashion designers and signature sit-down restaurants.
The project site is at the northwest corner of the intersection of Pacific Coast Highway and Dover Drive, where the Allied-Red Mountain JV will provide two levels of below-grade parking. The center's design, intended to suggest the villages of Tuscany, Italy, will feature pedestrian walkways, open piazzas, courtyards, outdoor patio seating and an outdoor rooftop garden.
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