Rossmoor Shopping Center Redevelopment Leaps Forward

New CVS Pharmacy Opens May 20th

New Starbucks to Open October 2018

Walnut Creek, CA (May 17, 2018) – Dramatic progress is underway as part of Rossmoor Shopping Center’s extensive redevelopment: the new CVS Pharmacy with drive up window opens May 20 and the new Starbucks, also with a drive-up window, is starting construction, planning to open in October.

The 14,500 square foot CVS Pharmacy features a wide assortment of health and beauty products and includes a full service pharmacy with a drive up window.

“CVS Pharmacy is thrilled to offer our best in class pharmacy services and broad assortment of the latest health and wellness and beauty products in this new location,” said Stephen LaBonge, regional director of real estate, CVS Pharmacy.

The new, 2,000 square foot Starbucks will feature its latest designs and innovations with an easy-access drive up window. “We look forward to welcoming the community and customers to our beautiful Rossmoor drive thru and sharing some of the finest coffees from around the world served by our passionate and knowledgeable baristas,” said Claudia Carrola-Cheng, store development manager, Starbucks.

The phased redevelopment of this historic community center also includes a refreshed façade for Safeway, community-serving retail and services, an upscale salon and new restaurants. The center will be dotted with plazas for friends and family gatherings, numerous bike racks, a new on-site bus stop, hundreds of new trees, lush plantings, beautiful lighting, ample and highly accessible parking and more.

Tallen Capital Partners (TCP) and Citivest Commercial Investments, LLC (CCI) of Rossmoor Retail Partners, LLC, are leading the renovation. “We’re delighted with the extraordinary progress that’s taking place,” said Terrence Tallen, chief executive officer, TCP, “and look forward to sharing it with the community. The new Rossmoor Shopping Center will draw families, commuters and visitors alike to this thriving area.”

About Tallen Capital Partners
Tallen Capital Partners, LLC, specializes in repositioning retail and mixed-use properties and invests in value-added properties located in high growth corridors with high barriers to entry. The firm is led by Terrence Tallen, a 30-year veteran in retail real estate development and investment industry and one of the West Coast’s leading retail acquirers, investors and developers. TCP is currently redeveloping the Marina Landings Shopping Center in Marina, CA which is being repositioned into a mixed-use 180-unit multi-family and retail project that includes the only Walmart to be developed on the Monterey Peninsula.

About Citivest Commercial Investments
Citivest is a full service real estate investment company specializing in adding value and achieving excellent returns for its investors through strategic acquisitions, ground-up development and property repositioning, including renovation, leasing, and management improvements. The company is led by Dana Haynes, Larry Weese and Dwight Belden.

West Coast Commercial Real Estate News