CARLSBAD, CA—Rouse Properties Inc. says it has spent $170 million to acquire Westfield Carlsbad, a 1.1 million square foot super regional enclosed mall. Rouse plan involves rebrand the center as The Shoppes at Carlsbad and execute a comprehensive renovation.
Improvements will include a complete interior make-over and the addition of a contemporary and engaging streetscape to accommodate high-volume restaurants, which bring together the indoor and outdoor elements. Rouse believes its plan will restore the center to a position of prominence within the prime retail landscape of the Carlsbad market.