Real Estate Blog

August 28, 2014

Campus Pointe construction moving quickly, main street open to walkers

Real Estate Blog

BoNhia Lee on what's going down and going up in the Valley market

Construction of The Square at Campus Pointe is moving along quickly with the retail center’s main street already open to students walking to class.

The shells of five buildings flank the street and tall palm trees tower over the sidewalks. Parking will eventually surround the center.

The 2,700-seat Heritage Theatre could open by November, said Nicolas Kazarian, assistant to the chief executive officer at Lance-Kashian & Co., the project developer.

Kazarian and Tracy Kashian, the company’s vice president of marketing and public relations, spoke about the history of Campus Pointe at the Gazarian Real Estate Center’s speaker series on Wednesday at Fresno State.

The 45-acre development, just east of the Save Mart Center, was proposed in 2004. “One of the main reasons for this development is the need for a college town at Fresno State,” Kazarian said.

But it met some challenges along the way, including the economic downturn and a lawsuit filed in 2007 by the Sierra Vista Mall in Clovis, which has a movie theater. An appellate court gave the project the go ahead to proceed in 2008.

At the groundbreaking in February, the company announced its first 12 tenants which include local businesses like Wahoo’s Fish Tacos, Cold Stone Creamery, and The Mad Duck.

The developer is trying to attract a grocery store and an office supply shop to to serve the 1,400 residents who are expected to live in the area at full build-out, Kazarian said.

A 180-unit senior housing center is still planned southwest of the Palmilla apartments. A hotel, possibly a Hyatt, is also in the works.

Visit the Facebook page for The Square at Campus Point to see a cool aerial video of the project. 

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About BoNhia Lee

@bonhialee

BoNhia Lee is a business reporter who has covered the ups and downs of the residential and commercial real estate market for The Bee since 2009. Contact her at blee@fresnobee.com or 559-441-6495.

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