Triangle Square has three-sided plan
Alicia Robinson
The Triangle Square shopping center might soon be more comfortable,
more tasty or more healthy to visit, depending on your interests.
The center is moving ahead with a three-part plan that could
change the seating in the movie theater, expand the offerings in the
food court, and add a two-story gym, said Josh Shapiro, leasing
manager with the center’s managing firm, Charles Dunn.
The changes are part of an strategy to revitalize the center,
which in October set a goal of reaching 100% occupancy by summer. At
the time, the center was at 70% occupancy and had lost Whole Foods
and a North Face store since October 2002. It had also weathered
frequent management changes, including six marketing directors in a
four-year period.
But everything is on track to reach the goal, Shapiro said.
Officials are talking with Edwards Theater management about
converting to stadium seating, which will decrease the number of
seats but will make moviegoers more comfortable, he said.
“From what I’ve researched, this is the new thing that everyone’s
doing,” Shapiro said. “If it happens, that’ll definitely increase
occupancy. ... What that does is it brings in more customers.”
Negotiations also are in progress with two fitness chains to take
over the basement space, where Whole Foods was, and possibly the old
North Face spot at street level to create a two-story gym.
“I think that would be the highest and best use for the center,”
Shapiro said.
Step three is a face-lift for the food court, which will include
visual changes to entice traffic from Newport Boulevard, possibly a
bar or coffee kiosk in the center, and more seating. Fugu, a high-end
restaurant-bar, will open in February, and he’s been trying to
attract similar restaurants to fill vacant spaces, Shapiro said.
“If those three items occur and happen 100%, then we’re definitely
going to bring in tons of traffic,” he said. “It’s going to be very
easy to lease up everything else.”
Triangle Square Operations Manager Mary Korkodian said after the
huge success of a December event, the center is considering holding
four major events a year to draw customers.
Holiday shopping also gave the center a boost. Korkodian said many
stores reported sales increases of 20% to 30%.
“I think our major advantage is that we do have a lot of people in
the Costa Mesa and Newport Beach area who want to see the center
succeed as much as we do, and the community has been very supportive
of us,” she said.
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