AMLI, Simon Eye Upscale Residential at Shopping Center
The community will rise on the site of a soon-to-be-shuttered department store.
Real estate investment trust Simon plans to integrate luxury multifamily residential into Fashion Valley, one of San Diego, Calif.’s most prominent upscale shopping centers.
On the heels of a multimillion-dollar revitalization of the center, Fashion Valley will become the site of 850 new multifamily luxury residences from AMLI Residential. The residential component will include high-end finishes and amenities.
The new residential and retail development is slated to commence upon the planned 2025 closure of the JCPenney’s store in the center. It is anticipated to be complete in late 2026. The 100,000 square feet of new retail and dining space will be complemented by open green spaces and ample parking for both residents and guests.
Luxury brands
In a prepared statement, a Simon official observed the company is excited to announce the next era for Fashion Valley, which will include a “walkable, livable lifestyle community” intermixed with luxury brands.
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The multimillion-dollar revitalization of the mall added several openings of first-to-market luxury brands. They include Dior, Bottega Venta, David Yurman and Dolce & Gabbana. Additional luxury brands soon to be added include Celine, to be unveiled this quarter, and Christian Louboutin and Fendi, both of which are scheduled to open in 2025
Future residents of the multifamily units at Fashion Valley will be situated near a variety of shopping and dining venues beyond those at the center. The area is also home to an array of parks and recreational venues, including University Heights Open Space Park, Mesa Rim Climbing Center, Riverwalk Golf Club, Presidio Park, Mission Valley Preserve and Old Town San Diego State Park. Earlier in May, Affirmed Housing completed ShoreLINE, a 126-unit fully affordable, transit-oriented San Diego community.
