Hines and American Realty Advisors have teamed up to transform a 26-acre site into a Dublin main street-style city centre.
The Houston-based developer and Los Angeles-based real estate investor aims to redevelop the Dublin Place mall at 7200 Amador Plaza Road, San Francisco Business Times reports.
Constructed in two phases, the Dublin Square project will transform a 15-store retail center into an urban village with residences, shops and restaurants, life sciences and office parks, and event spaces.
Hines has submitted plans for a 35,000-square-foot retail building to accommodate existing tenants ranging from Bassett Home Furnishings to Pieology.
Joint venture will now launch ambitious shopping center redevelopment Anchored by Target and Hobby Lobby.
Designed by San Francisco-based Gensler, the project will include a one-acre park similar to Patricia’s Green in San Francisco’s Hayes Valley, accessible along tree-lined paths from West Dublin’s BART station.
Aside from renderings, there are few details about the second phase, as plans do not appear to have been presented to the city, the newspaper reported. Its six-story brown-and-white buildings are surrounded by scenic plazas.
Economic development director Hazel Wetherford told The Business Times last fall that specific plans for Dublin’s city center call for an additional 2,500 homes and 2.2 million square feet of shops and restaurants.
The City of Tri-Valley sees American Realty Consultants’ project as a catalyst for the redevelopment of the remainder of the 284-acre designated planning area.
ARA in 2015 with $51 million. According to city planners, the rebuilding of its shopping centers has been delayed by the pandemic.
The private company, which manages $12.7 billion in assets, has been in talks to buy its properties not in central Dublin, including the Burlington garment factory, according to the city. It is unclear whether Hines’ latest proposal means ARA will buy the sites.
