$30 million reinvestment in iconic Woodbridge Village Center

Irvine, Calif. -- Irvine Company has announced it will begin a transformation $30-million reinvestment in Woodbridge Village Center located in Irvine, California. The redevelopment of the center includes upgrading the retail, dining and entertainment mix to complement longtime favorites, freshen the architecture for a coastal California feel, and create an expansive outdoor setting for dining, relaxing and community gatherings that overlooks North Lake.



Woodbridge Village Center’s overall square footage will be reduced by nearly 15,000 sq. ft., a right-sizing that will allow for the enhanced community gathering spot and improved parking. Longtime retailers Barnes & Noble and Ruby’s Diner will remain, and meetings are underway with current tenants. Additionally, new tenants for the Center will be announced throughout the coming year.



“We’re taking everything that people love about Woodbridge Village Center and transforming it into even more of a community gathering place with new amenities and updated features,” said Dave Moore, president of Irvine Company Retail Properties. “It will still be the ideal spot to take in a movie, enjoy a meal or cup of coffee or just somewhere to get comfortable and take in the beautiful scenery.”



The visual and physical focal point of the 37-year-old center’s reinvestment will be the creation of a “front porch” setting near the property’s main entrance on Barranca Parkway. There, visitors will be able to dine, chat, attend community gatherings or simply relax in an open-air, resort-like setting and enjoy unobstructed views of North Lake and the picturesque local mountains.



Work is set to begin August 2016, with a targeted completion in the second half of 2017.