ValueRock Realty, a leading national real estate investment and operations company, has announced the upcoming grand opening of The Commons on December 14th. This innovative project is located in Aliso Viejo and spans 21 acres. It was redeveloped by transforming a vacant Lowes Improvement Warehouse into a vibrant mixed-use community center with top tenants such as Tesla, 99 Ranch Market, Daiso, Philz Coffee and more. Additionally, plans for a residential component consisting of 343 units have been proposed.
According to David Lee, founder and CEO of ValueRock Realty: “The Commons is an exciting redevelopment that addresses the changing needs of our community.” As traditional big-box retailers continue to downsize their spaces across the country, ValueRock saw an opportunity to create something new by bringing together globally recognized brands in one dynamic location for both shopping and living experiences.
ValueRock purchased the first parcel back in 2015 for $62 million with initial plans starting in 2017 when big-box stores were rapidly closing nationwide. Through careful planning and visioning from their team at ValueRock Realty , this once-vacant property has been transformed into an attractive destination that meets modern demands while also revitalizing its surrounding area.
