Newport Beach-based Craig Realty Group, which owns the Citadel Outlets in Commerce, is planning a 10-acre expansion that will include retail, hotels and a monorail system.
A draft environmental impact report was released Feb. 14 detailing the plans.
The project will be developed across three sites. The first site, referred to as Area 1, will have roughly 163,000 square feet for retail and restaurants. The retail component is expected to open in late 2020 or early 2021. Plans also call for two new hotels in the area, a 174-room Traveler’s Hotel, expected to open in 2022 and a 96-room Loft Hotel, expected to open in 2023. Both hotels will be on top of parking lots.
Area 2 will have roughly 70,000 square feet of traditional retail space, a 120,000-square-foot building for “Adventure Experiential Retail” and a 150,000-square-foot entertainment complex which will include a movie theater. The site will also have a 500-room hotel with parking for 700 cars. The site would open in stages from 2023 to 2026.
The sites will be linked with a monorail system, which would open in late 2023 or early 2024. It needs approval from the National Transportation Safety Board.
Area 3 will have restaurants and a 55,000-square-foot industrial building. It is expected to be completed in 2020.
Urbanize first reported the news.
Craig Realty Group also developed other Southern California centers, including the Outlets at Barstow, the Cabazon Outlets and the Outlets at San Clemente.
The Citadel Outlets expansion is just one of several ambitious retail development plans in L.A. Santa Monica-based Macerich Co. and Simon Property Group Inc. are developing an outlet mall in Carson. The Los Angeles Premium Outlets will be 566,000 square feet. It is expected to open in fall 2021.
Commercial real estate reporter Hannah Madans can be reached at [email protected]. Follow her on Twitter @HannahMadans
